https://www.taxtmi.com/caselaws?id=76912 The Supreme Court upheld the dismissal of writ petitions challenging the validity of rule 3 of the Income-tax Rules, 1962, as amended, in line with section 17(2)(ii) of the Income-tax Act, 1961. Referring to a previous judgment, the Court aligned the interpretation of rule 3 with the Act and acknowledged the subsequent legislative amendment adding Explanation 1 to section 17(2) by the Finance Act, 2007. The appeals were disposed of based on these considerations, and a transfer petition related to the case was deemed moot and disposed of accordingly. en-us Wed, 23 Jan 2008 00:00:00 +0530 Mon, 27 Jun 2016 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76912 The Supreme Court upheld the dismissal of writ petitions challenging the validity of rule 3 of the Income-tax Rules, 1962, as amended, in line with section 17(2)(ii) of the Income-tax Act, 1961. Referring to a previous judgment, the Court aligned the interpretation of rule 3 with the Act and acknowledged the subsequent legislative amendment adding Explanation 1 to section 17(2) by the Finance Act, 2007. The appeals were disposed of based on these considerations, and a transfer petition related to the case was deemed moot and disposed of accordingly. Case-Laws Income Tax Wed, 23 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76912