https://www.taxtmi.com/caselaws?id=24122 The court dismissed the writ petition challenging the validity of rules 16 and 51 of the Second Schedule to the Income-tax Act, 1961. It held that the rules were not in violation of articles 14 and 19(1)(f) of the Constitution. The court agreed with the necessity of the rules to prevent tax evasion, even if they affected the rights of bona fide mortgagees unaware of proceedings against the defaulter. The judgment upheld the Income-tax Department's authority to consider mortgage transactions void for recovery purposes under the rules. en-us Wed, 10 Feb 1988 00:00:00 +0530 Sat, 16 Jan 2010 17:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24122 The court dismissed the writ petition challenging the validity of rules 16 and 51 of the Second Schedule to the Income-tax Act, 1961. It held that the rules were not in violation of articles 14 and 19(1)(f) of the Constitution. The court agreed with the necessity of the rules to prevent tax evasion, even if they affected the rights of bona fide mortgagees unaware of proceedings against the defaulter. The judgment upheld the Income-tax Department's authority to consider mortgage transactions void for recovery purposes under the rules. Case-Laws Income Tax Wed, 10 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24122