https://www.taxtmi.com/caselaws?id=188295 A statutory settlement of escaped income-tax was treated as a recoverable tax liability, and the demand notice substantially satisfying the prescribed requirements was upheld, so recovery under Chapter VI was valid once the amount remained unpaid. The challenged provisions on settlement and recovery were held to be within Parliament's legislative competence because they were ancillary to the power to tax income. Section 46(5A) was also upheld as a constitutionally valid special recovery mechanism, since it applied uniformly within the relevant class and did not create arbitrary discrimination or infringe article 19. Recovery was held to be within limitation, with time running from the date the last instalment fell due. en-us Sat, 18 Jul 1959 00:00:00 +0530 Thu, 24 Nov 2016 18:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188295 A statutory settlement of escaped income-tax was treated as a recoverable tax liability, and the demand notice substantially satisfying the prescribed requirements was upheld, so recovery under Chapter VI was valid once the amount remained unpaid. The challenged provisions on settlement and recovery were held to be within Parliament's legislative competence because they were ancillary to the power to tax income. Section 46(5A) was also upheld as a constitutionally valid special recovery mechanism, since it applied uniformly within the relevant class and did not create arbitrary discrimination or infringe article 19. Recovery was held to be within limitation, with time running from the date the last instalment fell due. Case-Laws Income Tax Sat, 18 Jul 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188295