https://www.taxtmi.com/caselaws?id=5502 The SC upheld the validity of sections 44AC and 206C of the Income-tax Act, holding they are within legislative competence and not violative of Articles 14 or 19(1)(g). The Court treated the measures as permissible presumptive taxation and collection machinery to prevent revenue evasion, finding the purchase price may be used as the standard for measuring tax without converting the levy into a tax on purchase. Sections 44AC and 206C were thus sustained as constitutionally valid tools for advance or anterior-stage collection of income-tax in specified trades. en-us Tue, 13 Feb 1996 00:00:00 +0530 Thu, 23 Oct 2025 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5502 The SC upheld the validity of sections 44AC and 206C of the Income-tax Act, holding they are within legislative competence and not violative of Articles 14 or 19(1)(g). The Court treated the measures as permissible presumptive taxation and collection machinery to prevent revenue evasion, finding the purchase price may be used as the standard for measuring tax without converting the levy into a tax on purchase. Sections 44AC and 206C were thus sustained as constitutionally valid tools for advance or anterior-stage collection of income-tax in specified trades. Case-Laws Income Tax Tue, 13 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5502