https://www.taxtmi.com/caselaws?id=26558 Parliament's competence to enact the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 was upheld as traceable to Entry 97 of List I, even if the scheme was viewed as a form of borrowing from taxpayers, so the challenge on legislative competence failed. The Act also survived Article 14 scrutiny because the classification was confined to higher-income taxpayers, which was held to be intelligible, based on a real and substantial distinction, and rationally connected to the public purpose of mobilising savings and curbing inflationary pressures. The constitutional challenge to the scheme therefore failed in full. en-us Fri, 06 Jun 1986 00:00:00 +0530 Sat, 06 Feb 2010 10:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26558 Parliament's competence to enact the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 was upheld as traceable to Entry 97 of List I, even if the scheme was viewed as a form of borrowing from taxpayers, so the challenge on legislative competence failed. The Act also survived Article 14 scrutiny because the classification was confined to higher-income taxpayers, which was held to be intelligible, based on a real and substantial distinction, and rationally connected to the public purpose of mobilising savings and curbing inflationary pressures. The constitutional challenge to the scheme therefore failed in full. Case-Laws Income Tax Fri, 06 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26558