The word “month” has been mentioned in the Income tax law in
number of provisions. However the term has not been defined in the Income tax
law. Interpretation of the term poses number of issues especially in the
interest calculation. However to understand the controversy around it, we
shall have to start the journey from genesis as under: |
Monday 21 December 2015
Decades long Controversy over defining “Month “ whether Calender Month or Lunar Month
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