https://www.taxtmi.com/caselaws?id=21990 The High Court of Delhi upheld the validity of the amendments introduced by the Finance Act of 1990, categorizing cash compensatory support (CCS) as taxable income under the Income-tax Act. The court rejected the petitioner's argument challenging the legislative competence of Parliament to tax CCS receipts, emphasizing its link to business transactions. It deemed the amendments clarificatory and within Parliament's legislative powers, dismissing claims of a fresh levy of tax. The court declined to interfere with ongoing proceedings before the Commissioner of Income-tax for the assessment year 1987-88, suggesting a sympathetic approach due to the retrospective legislation and ultimately dismissing the writ petition. en-us Thu, 14 Nov 1991 00:00:00 +0530 Sat, 05 Dec 2009 12:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21990 The High Court of Delhi upheld the validity of the amendments introduced by the Finance Act of 1990, categorizing cash compensatory support (CCS) as taxable income under the Income-tax Act. The court rejected the petitioner's argument challenging the legislative competence of Parliament to tax CCS receipts, emphasizing its link to business transactions. It deemed the amendments clarificatory and within Parliament's legislative powers, dismissing claims of a fresh levy of tax. The court declined to interfere with ongoing proceedings before the Commissioner of Income-tax for the assessment year 1987-88, suggesting a sympathetic approach due to the retrospective legislation and ultimately dismissing the writ petition. Case-Laws Income Tax Thu, 14 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21990