https://www.taxtmi.com/caselaws?id=21095 The court upheld the constitutional validity of the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976, regarding the tax on companies. It affirmed the State's authority to levy taxes on professions, trades, and callings, distinguishing it from corporation tax falling under the Union's jurisdiction. The court dismissed arguments of unreasonable restrictions on trade and discrimination due to lack of company classification, concluding that the Act did not contravene constitutional provisions and thereby dismissed the petition challenging its validity. en-us Thu, 10 Sep 1992 00:00:00 +0530 Fri, 20 Nov 2009 10:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21095 The court upheld the constitutional validity of the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976, regarding the tax on companies. It affirmed the State's authority to levy taxes on professions, trades, and callings, distinguishing it from corporation tax falling under the Union's jurisdiction. The court dismissed arguments of unreasonable restrictions on trade and discrimination due to lack of company classification, concluding that the Act did not contravene constitutional provisions and thereby dismissed the petition challenging its validity. Case-Laws Income Tax Thu, 10 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21095