1990 (10) TMI 40 - HC - Income Tax

Summary

The High Court of Karnataka upheld the constitutional validity of section 44AA of the Income-tax Act, 1961. The court ruled that the classification of professions for maintaining accounts is reasonable and not discriminatory under article 14 of the Constitution. The petition challenging the section was rejected. The court noted that a financial limit has been imposed on enumerated professions to address any potential discrimination.