Both have sent notices to the Union Finance Ministry. The two Madras High Court orders are not isolated cases. There have been reports of people filing petitions in courts all over the country. Alarmed by the spate of these court cases, the Finance Ministry is planning to send the whole issue to the Supreme Court for a clear direction on the validity
of FBT.
For complete IIPM article click here
Source- IIPM Editorial, 2006
of FBT.
For complete IIPM article click here
Source- IIPM Editorial, 2006
