Reason (R): Adam Smiths four canons of taxation are Canon of Ability, Canon of Certainty, Canon of Convenience, Canon of Economy.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
B. Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
C. ‘A’ is true but ‘R’ is false
D. ‘A’ is false but ‘R’ is true
Answer:A
Reason (R): Adam Smiths four canons of taxation are Canon of Ability, Canon of Certainty, Canon of Convenience, Canon of Economy.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’ B. Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’ C. ‘A’ is true but ‘R’ is false D. ‘A’ is false but ‘R’ is true