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1962 (11) TMI 43 - SC - Income TaxWhether by virtue of the grant, exhibit A, the Indian Income-tax Act, 1922, is invalid so far as the plaintiff company is concerned during the continuance of the grant? Whether in view of article 295 and clause 18 of the grant, it can be said that the legislative power of the Union of India contained in article 245 is in any way fettered so that the Union of India cannot pass any law which would take away the exemption in clause 18, assuming it to be there? Held that:- Appeal dismissed. As relying on Maharaja Shree Umaid Mills Ltd. v. Union of India [1962 (11) TMI 51 - SUPREME COURT]Grant dated May 2, 1945, was not law and did not continue as such in Kotah and, secondly, article 295(1)(b) did not in any way invalidate the Finance Act, 1950, which extended the Indian Income-tax Act, 1922, to the territories of the State of Rajasthan including Kotah.
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