https://www.taxtmi.com/caselaws?id=17196 The court dismissed the petitions, upholding the constitutionality of Clause (ii) of Sub-section (2) of Section 64 of the Finance Act, 1997, and the validity of the CBDT Circulars No. 754 and 755. The court found the classification reasonable and in line with the objectives of the Scheme, emphasizing that it is not the judiciary's role to interfere with legislative policy decisions, particularly in taxation matters. en-us Thu, 20 Nov 1997 00:00:00 +0530 Tue, 15 Sep 2009 17:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17196 The court dismissed the petitions, upholding the constitutionality of Clause (ii) of Sub-section (2) of Section 64 of the Finance Act, 1997, and the validity of the CBDT Circulars No. 754 and 755. The court found the classification reasonable and in line with the objectives of the Scheme, emphasizing that it is not the judiciary's role to interfere with legislative policy decisions, particularly in taxation matters. Case-Laws Income Tax Thu, 20 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17196