https://www.taxtmi.com/caselaws?id=49276 The Supreme Court upheld the constitutionality and legislative competence of Chapter XXII-A of the Income-tax Act, 1961, rejecting claims of colorable exercise of power, harshness, expropriation, discrimination, and Article 14 violations. The court found the annuity deposit scheme valid, emphasizing Parliament's authority to legislate for collecting annuity deposits from taxpayers. Hidayatullah J. supported the dismissal, noting the scheme as an alternative to full tax payment and not obligatory. The petition was dismissed with costs, affirming the legality of Chapter XXII-A and rejecting all contentions raised by the petitioner. en-us Wed, 06 Oct 1965 00:00:00 +0530 Tue, 19 Aug 2014 19:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49276 The Supreme Court upheld the constitutionality and legislative competence of Chapter XXII-A of the Income-tax Act, 1961, rejecting claims of colorable exercise of power, harshness, expropriation, discrimination, and Article 14 violations. The court found the annuity deposit scheme valid, emphasizing Parliament's authority to legislate for collecting annuity deposits from taxpayers. Hidayatullah J. supported the dismissal, noting the scheme as an alternative to full tax payment and not obligatory. The petition was dismissed with costs, affirming the legality of Chapter XXII-A and rejecting all contentions raised by the petitioner. Case-Laws Income Tax Wed, 06 Oct 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49276