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2008 (1) TMI 573 - SC - Income TaxSalary- Perquisites- Challenge the validity of Rule 3 of the Income tax Rule that it is inconsistent with the present act. Held that- in the judgment of Arun Kumar v. Union of India, the Legislature has added an Explanation 1 to section 17(2) of the Act by the Finance Act, 2007, with effect from April 1, 2002, taking away the effect of the judgment on or after April 1, 2002. According to them, the year 2001-02 which was also covered under rule 3 has not been affected by the amendment. Since, there is no challenge to the amended provision.
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