Tag: #LAW

Article 279 of the Indian Constitution is a vital provision that pertains to the calculation of the net proceeds of taxes and duties. In this article, “net proceeds” is defined as the proceeds of any tax or duty reduced by the cost of its collection. The Comptroller and Auditor General of India are entrusted with the responsibility of ascertaining and certifying the net proceeds, and their certificate holds final authority for the purposes of the relevant provisions in the Constitution. Additionally, Article 279 grants Parliament the authority, through laws...