https://www.taxtmi.com/caselaws?id=25308 Section 140A(3) of the Income-tax Act, 1961 was upheld as constitutionally valid because the Madhya Pradesh High Court followed an earlier Division Bench ruling that it was neither confiscatory nor unreasonable. The court rejected the contrary Madras High Court view relied on by the Tribunal and concluded that the provision did not violate article 19(1)(f) of the Constitution. The issue was therefore decided against the assessee and in favour of the Department. en-us Thu, 07 Jan 1988 00:00:00 +0530 Wed, 27 Jan 2010 17:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25308 Section 140A(3) of the Income-tax Act, 1961 was upheld as constitutionally valid because the Madhya Pradesh High Court followed an earlier Division Bench ruling that it was neither confiscatory nor unreasonable. The court rejected the contrary Madras High Court view relied on by the Tribunal and concluded that the provision did not violate article 19(1)(f) of the Constitution. The issue was therefore decided against the assessee and in favour of the Department. Case-Laws Income Tax Thu, 07 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25308