https://www.taxtmi.com/caselaws?id=49390 A pre-Constitution tax concession granted by the former State of Madhya Bharat was treated as an obligation under Article 295(1)(b), but it was superseded when the Income-tax Act was extended to the Part B State and the Part B States (Taxation Concession) Order, 1950 was brought into force under section 60A. The claimants could rely only on the relief preserved by the later statutory regime, not on the earlier agreement for a further seven-year exemption. The prior concession therefore did not survive the new constitutional and statutory framework, and continued immunity from income-tax was unavailable. en-us Tue, 28 Apr 1964 00:00:00 +0530 Sat, 23 Aug 2014 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49390 A pre-Constitution tax concession granted by the former State of Madhya Bharat was treated as an obligation under Article 295(1)(b), but it was superseded when the Income-tax Act was extended to the Part B State and the Part B States (Taxation Concession) Order, 1950 was brought into force under section 60A. The claimants could rely only on the relief preserved by the later statutory regime, not on the earlier agreement for a further seven-year exemption. The prior concession therefore did not survive the new constitutional and statutory framework, and continued immunity from income-tax was unavailable. Case-Laws Income Tax Tue, 28 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49390