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2003 (9) TMI 52 - HC - Income TaxPetitioner is challenging the validity of notification dated September 25, 2001, by which rule 3 of the Income-tax Rules, 1962, was substituted by the Income-tax (22nd Amendment) Rules, 2001, issued by the CBDT. - Petitioner is also challenging the validity of section 17(2)(vi), as inserted by the Finance Act, 2001, on the ground that it has delegated essential legislative powers and that it is violative of articles 19(1) and 246 of the Constitution. - the provisions of section 17(2)(vi) of the Income-tax Act as inserted by the Finance Act, 2001, as well as rule 3 of the Income-tax Rules framed in pursuance of section 17(2)(vi) by the Board are legal and valid - the writ petition is liable to be dismissed
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