https://www.taxtmi.com/caselaws?id=9833 The court upheld the constitutionality of Section 115-O of the Income-tax Act, 1961, clarifying that the additional tax should be imposed only on the taxable portion of distributed profits. The court rejected arguments of double taxation concerns, legislative competence issues regarding agricultural income, and found the tax imposition under Section 115-O to be proportionate and rational. The judgment of the single judge was set aside, and the appeals were disposed of without costs. en-us Fri, 28 Jul 2006 00:00:00 +0530 Mon, 13 Jun 2011 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9833 The court upheld the constitutionality of Section 115-O of the Income-tax Act, 1961, clarifying that the additional tax should be imposed only on the taxable portion of distributed profits. The court rejected arguments of double taxation concerns, legislative competence issues regarding agricultural income, and found the tax imposition under Section 115-O to be proportionate and rational. The judgment of the single judge was set aside, and the appeals were disposed of without costs. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9833