https://www.taxtmi.com/caselaws?id=18758 The court upheld the constitutional validity of sub-section (8) of section 40A of the Income-tax Act, 1961. It found that the sub-section fell within the legislative competence of Parliament, did not violate Article 14 or Article 19(1)(g) of the Constitution, and the argument based on Article 19(1)(c) was not pursued. The court determined that the sub-section was a valid measure of credit control and economic planning aimed at regulating credit availability in the market. en-us Thu, 14 Feb 1991 00:00:00 +0530 Sat, 31 Oct 2009 18:04:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18758 The court upheld the constitutional validity of sub-section (8) of section 40A of the Income-tax Act, 1961. It found that the sub-section fell within the legislative competence of Parliament, did not violate Article 14 or Article 19(1)(g) of the Constitution, and the argument based on Article 19(1)(c) was not pursued. The court determined that the sub-section was a valid measure of credit control and economic planning aimed at regulating credit availability in the market. Case-Laws Income Tax Thu, 14 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18758