For an agreement to be constituted as a Valid contract consent is very important and pure consent is not accepted it must be free consent that is free from misrepresentation, fraud, Mistakes, and
Benjamin Franklin, in a letter to Jean-Baptiste, famously wrote that “in this world, nothing can be said to be certain, except death and taxes”. However, there is a head of income that has been free from any kind of taxation under the Income Tax Act, 1961 for a considerable period of time in our

