HPNLU JOURNAL OF TAX LAW (VOLUME I) ISSN:2584-0428 EDITORIAL ADVISORY BOARD Hon’ble Justice Rohinton Nariman, Judge (Retd.), Supreme Court of India Hon’ble Justice Satyen Vaidya, Judge, High Court of Himachal Pradesh Hon’ble Justice MM Kumar, Former Chief Justice (Retd.), Punjab & Haryana High Court Prof. (Dr.) K.P.S. Mahalwar Chair Professor, National Law University Delhi Prof. (Dr.) K.V.S. Sarma Vice Chancellor, Maharashtra National Law University, Aurangabad Prof. (Dr.) Kesava Rao Vice Chancellor, National University of Study & Research in Law, Ranchi MODE OF CITATION I HPNLU JTL <pg.no.> (2023) All queries regarding HPNLU Journal of Tax Law may be addressed to: Editor, HPNLU Journal of Tax Law Himachal Pradesh National Law University, Shimla 16 Miles, Shimla-Mandi National Highway Ghandal, District Shimla, HP-171014 Website: www.hpnlu.ac.in E-mail: jtl@hpnlu.ac.in Tel No.: 0177-2779803; Fax: 0177-2779802 ISSN: 2584-0428 PATRON Hon’ble Justice M.S. Ratna Sri Ramachandra Rao Chief Justice, High Court of Himachal Pradesh Chancellor, HPNLU Shimla EDITORIAL BOARD Editor-in-Chief Prof. (Dr.) Nishtha Jaswal Vice Chancellor, HPNLU Shimla vc@hpnlu.ac.in Executive Editor Prof. (Dr.) S.S. Jaswal Registrar, HPNLU, Shimla registrar@hpnlu.ac.in Editor Dr. Girjesh Shukla Professor of Law, HPNLU Shimla girjesh@hpnlu.ac.in Address Himachal Pradesh National Law University, Shimla 16 Mile, Shimla-Mandi National Highway, Ghandal, District Shimla, Himachal Pradesh-171014 EDITORIAL COMMITTEE Dr. Girjesh Shukla (Profile) Professor of Law, HPNLU Shimla girjesh@hpnlu.ac.in Dr. Alok Kumar (Profile) Associate Professor of Law, HPNLU Shimla alok@hpnlu.ac.in Dr. Hari Chand (Profile) Assistant Professor of Economics, HPNLU Shimla harichand@hpnlu.ac.in Dr. Digvijay Singh Katoch (Profile) Assistant Professor of Law, HPNLU Shimla digvijaykatoch@hpnlu.ac.in Dr. Arun Klair (Profile) Assistant Professor of Law, HPNLU Shimla arunklair@hpnlu.ac.in STUDENT EDITORIAL COMMITTEE Mr. Aayush Mishra, 5thYear,B.A.LL.B. (Hons.) Mr. Shrey Sharma, 4th Year, B.A.LL.B. (Hons.) Mr. Aditya Chaturvedi, 4th Year, B.A.LL.B. (Hons.) Ms. Vanshika Maan, 3rd Year, B.A.LL.B.(Hons.) Ms. Aditi Dehal, 3rd Year, B.A.LL.B.(Hons.) Ms. Divya, LL.M. Mr. Saurabh Sadhwani, 2nd Year, B.A.LL.B. (Hons.) Mr. Aayush Chhadha, 2nd Year, B.A.LL.B. (Hons.) Starting Year - 2022 Frequency – Annual Subject – Law Language – English Publication Format – Online Law Journal All queries regarding the HPNLU JTL may be addressed to: Editor, HPNLU Journal of Tax Law Himachal Pradesh National Law University, Shimla 16 Miles, Shimla-Mandi National Highway Ghandal, District Shimla, HP-171014 Website: www.hpnlu.ac.in E-mail: jtl@hpnlu.ac.in Tel No.: 0177-2779803; Fax: 0177-2779802 ISSN: 2584-0428 MODE OF CITATION: HPNLU JTL <pg.no.> (2023) Published by Prof. S. S. Jaswal on behalf of Himachal Pradesh National Law University, Shimla, and The HPNLU Journal of Tax Law is an annual double-blind peer-reviewed Online Journal and published at Himachal Pradesh National Law University, Shimla, 16 Mile, Shimla-Mandi National Highway, Ghandal, District Shimla, Himachal Pradesh-171014. The editor of the journal is Dr. Girjesh Shukla. Copyright © 2022, Himachal Pradesh National Law University, Shimla. All rights reserved. Published by Registrar, Himachal Pradesh National Law University, Shimla Owned By Himachal Pradesh National Law University, Shimla 16 Mile, Shimla-Mandi National Highway, Ghandal, District Shimla, Himachal Pradesh-171014. Disclaimer The views expressed in the HPNLU JOURNAL OF TAX LAW are those of the contributors. The Editors and the journal do not control nor necessarily subscribe or endorse the views expressed by respective contributors. The Editors and HPNLU JOURNALOF TAX LAW disown all liability and responsibility for any error, misprint, and infringement of any right of others by printing any contribution in the journal From the Editor’s Desk It is a matter of immense pleasure for me to present our maiden Journal of Tax Law, exclusively designed and focused to augment research and discussion in the field of Taxation Laws and Jurisprudence. I take ultimate pride in the fact that we are one of the first institutions in the country to have released a specialized Journal that exclusively encompasses the debate, discussion and development in the area of Taxation Laws. The primary focus of the JTL is to address the most contemporary and unexplored questions under the ambit of Taxation Laws. We are confident that the contents of this Journal will be a constructive addition in the developing jurisprudence around taxation and its legal aspects in India. The inception and creation of this Journal has been a long and arduous task. I extend heartiest congratulations and good wishes to the Editorial Team for their earnest efforts in creating this academic milestone. I am confident that this Journal will encourage researchers, academicians and students to add on to the existing research and augment the jurisprudence around the legal aspects of Taxation Laws in India. Editor-in-Chief Prof. Nishtha Jaswal Vice Chancellor Himachal Pradesh National Law University, Shimla
HPNLU JOURNAL OF TAX LAW (VOLUME I)
ISSN:2584-0428
EDITORIAL ADVISORY BOARD
Hon’ble Justice Rohinton Nariman, Judge (Retd.), Supreme Court of India
Hon’ble Justice Satyen Vaidya, Judge, High Court of Himachal Pradesh
Hon’ble Justice MM Kumar, Former Chief Justice (Retd.), Punjab & Haryana High Court Prof. (Dr.) K.P.S. Mahalwar Chair Professor, National Law University Delhi
Prof. (Dr.) K.V.S. Sarma Vice Chancellor, Maharashtra National Law University, Aurangabad
Prof. (Dr.) Kesava Rao Vice Chancellor, National University of Study & Research in Law, Ranchi
MODE OF CITATION
I HPNLU JTL <pg.no.> (2023)
All queries regarding HPNLU Journal of Tax Law may be addressed to:
Editor, HPNLU Journal of Tax Law Himachal Pradesh National Law University, Shimla
16 Miles, Shimla-Mandi National Highway Ghandal,
District Shimla, HP-171014
Website: www.hpnlu.ac.in E-mail: jtl@hpnlu.ac.in Tel No.: 0177-2779803; Fax: 0177-2779802 ISSN: 2584-0428
PATRON Hon’ble Justice M.S. Ratna Sri Ramachandra Rao Chief Justice, High Court of Himachal Pradesh Chancellor, HPNLU Shimla
EDITORIAL BOARD Editor-in-Chief Prof. (Dr.) Nishtha Jaswal Vice Chancellor, HPNLU Shimla vc@hpnlu.ac.in Executive Editor Prof. (Dr.) S.S. Jaswal Registrar, HPNLU, Shimla registrar@hpnlu.ac.in Editor Dr. Girjesh Shukla Professor of Law, HPNLU Shimla girjesh@hpnlu.ac.in Address Himachal Pradesh National Law University, Shimla 16 Mile, Shimla-Mandi National Highway, Ghandal, District Shimla, Himachal Pradesh-171014
EDITORIAL COMMITTEE
Dr. Girjesh Shukla (Profile) Professor of Law, HPNLU Shimla girjesh@hpnlu.ac.in Dr. Alok Kumar (Profile) Associate Professor of Law, HPNLU Shimla alok@hpnlu.ac.in
Dr. Hari Chand (Profile) Assistant Professor of Economics, HPNLU Shimla harichand@hpnlu.ac.in
Dr. Digvijay Singh Katoch (Profile) Assistant Professor of Law, HPNLU Shimla digvijaykatoch@hpnlu.ac.in
Dr. Arun Klair (Profile) Assistant Professor of Law, HPNLU Shimla arunklair@hpnlu.ac.in
STUDENT EDITORIAL COMMITTEE
Mr. Aayush Mishra, 5thYear,B.A.LL.B. (Hons.) Mr. Shrey Sharma, 4th Year, B.A.LL.B. (Hons.) Mr. Aditya Chaturvedi, 4th Year, B.A.LL.B. (Hons.) Ms. Vanshika Maan, 3rd Year, B.A.LL.B.(Hons.) Ms. Aditi Dehal, 3rd Year, B.A.LL.B.(Hons.)
Ms. Divya, LL.M. Mr. Saurabh Sadhwani, 2nd Year, B.A.LL.B. (Hons.) Mr. Aayush Chhadha, 2nd Year, B.A.LL.B. (Hons.)
Starting Year - 2022 Frequency – Annual Subject – Law Language – English Publication Format – Online Law Journal All queries regarding the HPNLU JTL may be addressed to: Editor, HPNLU Journal of Tax Law Himachal Pradesh National Law University, Shimla 16 Miles, Shimla-Mandi National Highway Ghandal, District Shimla, HP-171014 Website: www.hpnlu.ac.in E-mail: jtl@hpnlu.ac.in Tel No.: 0177-2779803; Fax: 0177-2779802 ISSN: 2584-0428 MODE OF CITATION: HPNLU JTL <pg.no.> (2023)
Published by Prof. S. S. Jaswal on behalf of Himachal Pradesh National Law University, Shimla, and The HPNLU Journal of Tax Law is an annual double-blind peer-reviewed Online Journal and published at Himachal Pradesh National Law University, Shimla, 16 Mile, Shimla-Mandi National Highway, Ghandal, District Shimla, Himachal Pradesh-171014. The editor of the journal is Dr. Girjesh Shukla.
Copyright © 2022, Himachal Pradesh National Law University, Shimla. All rights reserved. Published by Registrar, Himachal Pradesh National Law University, Shimla
Owned By Himachal Pradesh National Law University, Shimla 16 Mile, Shimla-Mandi National Highway, Ghandal, District Shimla, Himachal Pradesh-171014.
Disclaimer
The views expressed in the HPNLU JOURNAL OF TAX LAW are those of the contributors. The Editors and the journal do not control nor necessarily subscribe or endorse the views expressed by respective contributors. The Editors and HPNLU JOURNALOF TAX LAW disown all liability and responsibility for any error, misprint, and infringement of any right of others by printing any contribution in the journal
From the Editor’s Desk
It is a matter of immense pleasure for me to present our maiden Journal of Tax Law, exclusively designed and focused to augment research and discussion in the field of Taxation Laws and Jurisprudence. I take ultimate pride in the fact that we are one of the first institutions in the country to have released a specialized Journal that exclusively encompasses the debate, discussion and development in the area of Taxation Laws.
The primary focus of the JTL is to address the most contemporary and unexplored questions under the ambit of Taxation Laws. We are confident that the contents of this Journal will be a constructive addition in the developing jurisprudence around taxation and its legal aspects in India.
The inception and creation of this Journal has been a long and arduous task. I extend heartiest congratulations and good wishes to the Editorial Team for their earnest efforts in creating this academic milestone. I am confident that this Journal will encourage researchers, academicians and students to add on to the existing research and augment the jurisprudence around the legal aspects of Taxation Laws in India.
Editor-in-Chief Prof. Nishtha Jaswal Vice Chancellor Himachal Pradesh National Law University, Shimla
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