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1974 (11) TMI 7 - SC - Income Tax
Constitutional validity of the Taxation Laws by which the Indian Income-tax Act was extended - held that the second proviso to clause 2 of the Taxation Laws (Extension to Union Territories) (Removal of Difficulties) Order 2 of 1970, is ultra vires the Central Government when exercising the powers under clause (7) of Regulation III of 1963, and the revenue authorities are not entitled to levy tax on the basis of the depreciation allowance computed in accordance with the said proviso in the Order