https://www.taxtmi.com/caselaws?id=9171 The court upheld the constitutional validity of section 217 of the Income-tax Act, 1961, rejecting the challenge brought by a firm and its partners. The petitioners argued against the differentiation in the levy of interest under section 217(1) for different categories of taxpayers, contending a violation of article 14 of the Constitution. The court found the classification justified, emphasizing the purpose of interest levy and the procedural distinctions between taxpayer categories. Additionally, the court upheld the discretionary power granted under sub-rule (5) of rule 40 of the Income-tax Rules, dismissing claims of unconstitutionality and highlighting the necessity of such flexibility in tax administration. en-us Fri, 25 Jan 1974 00:00:00 +0530 Sat, 20 Jun 2009 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9171 The court upheld the constitutional validity of section 217 of the Income-tax Act, 1961, rejecting the challenge brought by a firm and its partners. The petitioners argued against the differentiation in the levy of interest under section 217(1) for different categories of taxpayers, contending a violation of article 14 of the Constitution. The court found the classification justified, emphasizing the purpose of interest levy and the procedural distinctions between taxpayer categories. Additionally, the court upheld the discretionary power granted under sub-rule (5) of rule 40 of the Income-tax Rules, dismissing claims of unconstitutionality and highlighting the necessity of such flexibility in tax administration. Case-Laws Income Tax Fri, 25 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9171