liability with reference to the
market value, which is adopted as a surrogate measure for realizable value, net of
cost, if any, toward realization
said circular, the fringe benefit
tax has been introduced as a surrogate tax on employer with the objects of resolving the
problems in taxing some
exercise of his revisional powers
cannot arrogate to himself a status to surrogate the other authorities and
supplant their roles under the Act. The Commissioner
exercise of his revisional powers cannot arrogate
to himself a status to surrogate the other authorities and supplant their roles under
the Act. The Commissioner
delegate, envoy, executor, functionary, go-
between, intermediary, mediator, middleman,
negotiator, proxy, representative, surrogate, trustee.
Therefore, a broker is akin to an agent. Thus, the facts
delegate, envoy, executor, functionary, go-
between, intermediary, mediator, middleman,
negotiator, proxy, representative, surrogate, trustee.
-21-
IT(SS)A No.41 to 44/Ahd/2013
exercise
of his revisional powers cannot arrogate to himself a status to surrogate the other
authorities and supplant their roles under the Act. The Commissioner
exercise of his revisional powers
cannot arrogate to himself a status to surrogate the other authorities and supplant their
roles under the Act. The Commissioner
introduced a new levy, namely,
the fringe benefits tax as a surrogate tax on employers, with the objective of resolving
the problems enumerated in para
time
being) cannot be taken as a surrogate measure of the excise component
in the inventories at that point of time. That is, the same
