https://www.taxtmi.com/caselaws?id=49340 The Supreme Court upheld the constitutional validity of Section 12(1B) read with Section 2(6A)(e) of the Indian Income-tax Act, 1922, dismissing the appeal with costs. The Court found the provisions to be within the legislative competence of Parliament and not in violation of fundamental rights under Article 19(1)(f) and (g) of the Constitution. Justice Raghubar Dayal dissented, arguing that the provisions lacked a rational connection with the concept of income and imposed unreasonable restrictions on the right to hold property. en-us Wed, 28 Oct 1964 00:00:00 +0530 Fri, 23 Jan 2015 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49340 The Supreme Court upheld the constitutional validity of Section 12(1B) read with Section 2(6A)(e) of the Indian Income-tax Act, 1922, dismissing the appeal with costs. The Court found the provisions to be within the legislative competence of Parliament and not in violation of fundamental rights under Article 19(1)(f) and (g) of the Constitution. Justice Raghubar Dayal dissented, arguing that the provisions lacked a rational connection with the concept of income and imposed unreasonable restrictions on the right to hold property. Case-Laws Income Tax Wed, 28 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49340