https://www.taxtmi.com/caselaws?id=39824 The court dismissed the special civil applications, holding that section 2(14)(iii) of the Income-tax Act, 1961, was constitutionally valid. It found that Parliament had the legislative competence to enact the provision under entry 82 of List I and that the classification made by the provision did not violate Article 14 of the Constitution. The court granted a certificate for appeal to the Supreme Court but declined to grant another certificate. Proceedings regarding the petitioners' tax liability on capital gains were stayed for four weeks for possible appeal to the Supreme Court. en-us Wed, 14 Nov 1973 00:00:00 +0530 Tue, 20 Apr 2010 15:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39824 The court dismissed the special civil applications, holding that section 2(14)(iii) of the Income-tax Act, 1961, was constitutionally valid. It found that Parliament had the legislative competence to enact the provision under entry 82 of List I and that the classification made by the provision did not violate Article 14 of the Constitution. The court granted a certificate for appeal to the Supreme Court but declined to grant another certificate. Proceedings regarding the petitioners' tax liability on capital gains were stayed for four weeks for possible appeal to the Supreme Court. Case-Laws Income Tax Wed, 14 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39824