https://www.taxtmi.com/caselaws?id=16309 The court upheld the validity of Section 143(1A) of the Income-tax Act, 1961, in a case challenging its constitutionality and nature. It ruled that the section, imposing an additional tax of 20% on income adjustments, is not penal but compensatory to ensure accurate tax filings and prevent evasion. The court found the provision constitutional under Articles 14 and 265 of the Constitution of India, within Parliament's legislative competence, and aligned with principles of natural justice. The writ petitions were dismissed, affirming the legality and purpose of Section 143(1A). en-us Wed, 25 Nov 1998 00:00:00 +0530 Sat, 05 Sep 2009 18:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16309 The court upheld the validity of Section 143(1A) of the Income-tax Act, 1961, in a case challenging its constitutionality and nature. It ruled that the section, imposing an additional tax of 20% on income adjustments, is not penal but compensatory to ensure accurate tax filings and prevent evasion. The court found the provision constitutional under Articles 14 and 265 of the Constitution of India, within Parliament's legislative competence, and aligned with principles of natural justice. The writ petitions were dismissed, affirming the legality and purpose of Section 143(1A). Case-Laws Income Tax Wed, 25 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16309