https://www.taxtmi.com/caselaws?id=444057 The court upheld the constitutionality of the Explanation to Section 10AA(1) of the Income Tax Act, 1961, inserted by the Finance Act, 2017. It dismissed the writ petition, finding no violation of Articles 14, 19(1)(g), and 265 of the Constitution of India. The court determined the Explanation was a clarificatory amendment, not arbitrary or discriminatory, aimed at preventing tax evasion and ensuring correct computation of deductions. The principle of legitimate expectation was deemed inapplicable, as the Explanation did not retrospectively alter rights. The petition was dismissed with no order as to costs. en-us Tue, 03 Oct 2023 00:00:00 +0530 Mon, 10 Jun 2024 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444057 The court upheld the constitutionality of the Explanation to Section 10AA(1) of the Income Tax Act, 1961, inserted by the Finance Act, 2017. It dismissed the writ petition, finding no violation of Articles 14, 19(1)(g), and 265 of the Constitution of India. The court determined the Explanation was a clarificatory amendment, not arbitrary or discriminatory, aimed at preventing tax evasion and ensuring correct computation of deductions. The principle of legitimate expectation was deemed inapplicable, as the Explanation did not retrospectively alter rights. The petition was dismissed with no order as to costs. Case-Laws Income Tax Tue, 03 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444057