https://www.taxtmi.com/caselaws?id=14637 The court upheld the validity of Section 64(2)(ii) of the Finance Act, 1997, finding it neither arbitrary nor discriminatory. It held that the differentiation between individuals searched and those not searched was logical to maintain the deterrent effect of tax laws. The court also ruled that the phrase "or in respect of earlier previous year" in Section 64(2)(ii) applies uniformly to searches, requisitions, and surveys. Additionally, it deemed denying VDIS benefits to individuals searched after July 1, 1997, as reasonable, emphasizing that the VDIS did not suspend the operation of tax provisions during that period. en-us Tue, 08 Jun 1999 00:00:00 +0530 Fri, 17 Jul 2009 16:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14637 The court upheld the validity of Section 64(2)(ii) of the Finance Act, 1997, finding it neither arbitrary nor discriminatory. It held that the differentiation between individuals searched and those not searched was logical to maintain the deterrent effect of tax laws. The court also ruled that the phrase "or in respect of earlier previous year" in Section 64(2)(ii) applies uniformly to searches, requisitions, and surveys. Additionally, it deemed denying VDIS benefits to individuals searched after July 1, 1997, as reasonable, emphasizing that the VDIS did not suspend the operation of tax provisions during that period. Case-Laws Income Tax Tue, 08 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14637