https://www.taxtmi.com/caselaws?id=272813 The court dismissed the petitions, holding that the Wealth-tax Act, 1957, particularly Section 3, was within the legislative competence of the Union Parliament. The court concluded that Entry 86 did not explicitly cover Hindu undivided families (HUFs), but the taxation of HUFs could be justified under the residuary powers conferred by Article 248 and Entry 97 of List I of the Seventh Schedule to the Constitution of India. The court emphasized the need for a liberal interpretation of constitutional provisions to accommodate changing circumstances and ensure the Constitution's adaptability. en-us Thu, 23 Mar 1961 00:00:00 +0530 Fri, 18 May 2018 17:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272813 The court dismissed the petitions, holding that the Wealth-tax Act, 1957, particularly Section 3, was within the legislative competence of the Union Parliament. The court concluded that Entry 86 did not explicitly cover Hindu undivided families (HUFs), but the taxation of HUFs could be justified under the residuary powers conferred by Article 248 and Entry 97 of List I of the Seventh Schedule to the Constitution of India. The court emphasized the need for a liberal interpretation of constitutional provisions to accommodate changing circumstances and ensure the Constitution's adaptability. Case-Laws Wealth-tax Thu, 23 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272813