https://www.taxtmi.com/caselaws?id=213353 Article 45(d) of Schedule 1-A of the Indian Stamp Act, 1899, as amended in Madhya Pradesh, was challenged under Article 14 for treating powers of attorney granted without consideration to close relatives differently from those granted to others. The SC held that fiscal legislation enjoys a broad presumption of constitutionality and that a classification will stand if it has intelligible differentia and a rational nexus with the statute's object. Because the provision aimed to prevent indirect transfers of immovable property through powers of attorney and to protect revenue, it was not shown to be discriminatory or irrational. The challenge therefore failed, and the provision was upheld as valid. en-us Fri, 11 May 2012 00:00:00 +0530 Mon, 26 May 2014 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213353 Article 45(d) of Schedule 1-A of the Indian Stamp Act, 1899, as amended in Madhya Pradesh, was challenged under Article 14 for treating powers of attorney granted without consideration to close relatives differently from those granted to others. The SC held that fiscal legislation enjoys a broad presumption of constitutionality and that a classification will stand if it has intelligible differentia and a rational nexus with the statute's object. Because the provision aimed to prevent indirect transfers of immovable property through powers of attorney and to protect revenue, it was not shown to be discriminatory or irrational. The challenge therefore failed, and the provision was upheld as valid. Case-Laws Indian Laws Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213353