https://www.taxtmi.com/caselaws?id=179287 Parliament could retrospectively amend a pre-Constitution income-tax provision saved by Article 372, and Article 245 was held to permit such validation; the amendment did not offend Articles 14, 141, 245, or 372 because the saved law remained amendable and the classification had a rational basis. On the property valuation issue, annual value was treated as a notional figure based on reasonable letting value, with actual rent and other surrounding factors relevant; municipal valuation was only one evidentiary factor. As the Tribunal applied the correct approach on the facts, no referable question of law arose on annual value. en-us Wed, 28 Mar 1951 00:00:00 +0530 Thu, 25 Feb 2016 12:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179287 Parliament could retrospectively amend a pre-Constitution income-tax provision saved by Article 372, and Article 245 was held to permit such validation; the amendment did not offend Articles 14, 141, 245, or 372 because the saved law remained amendable and the classification had a rational basis. On the property valuation issue, annual value was treated as a notional figure based on reasonable letting value, with actual rent and other surrounding factors relevant; municipal valuation was only one evidentiary factor. As the Tribunal applied the correct approach on the facts, no referable question of law arose on annual value. Case-Laws Income Tax Wed, 28 Mar 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179287