https://www.taxtmi.com/caselaws?id=19794 The court dismissed the original petitions challenging the imposition of additional tax under section 143(1A) of the Income-tax Act, 1961, and the constitutional validity of the retrospective amendment introduced by the Finance Act of 1993. The court upheld the competence of the Union Parliament to levy the additional tax under the residuary entry 97, emphasizing the legislative intent to prevent tax evasion and ensure accurate disclosure of income. The judgment allowed petitioners to address their contentions before the Departmental authorities in subsequent proceedings, leaving the issues open for further consideration. en-us Mon, 04 Apr 1994 00:00:00 +0530 Mon, 09 Nov 2009 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19794 The court dismissed the original petitions challenging the imposition of additional tax under section 143(1A) of the Income-tax Act, 1961, and the constitutional validity of the retrospective amendment introduced by the Finance Act of 1993. The court upheld the competence of the Union Parliament to levy the additional tax under the residuary entry 97, emphasizing the legislative intent to prevent tax evasion and ensure accurate disclosure of income. The judgment allowed petitioners to address their contentions before the Departmental authorities in subsequent proceedings, leaving the issues open for further consideration. Case-Laws Income Tax Mon, 04 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19794