TaxTMI 
TaxTMI 
1995 (5) TMI 8
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....f section 253(6) of the Income-tax Act, 1961, which has been brought into force by the Finance Act, 1992, with effect from June 1, 1992. The aforesaid provision deals with payment of court fee in respect of the appeal before the Income-tax Appellate Tribunal. The fee prescribed is Rs. 250 in cases where the income assessed is Rs. 1 lakh or less. The cases in which the total income of the assessee ....
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.... the guidelines and the basis on which the fees are to be paid. In matters where the total income assessed is less than Rs. 1 lakh, the fee provided is Rs. 250, while in matters where the total income assessed is more than Rs. 1 lakh, the fee provided is Rs. 1,500. This itself indicates that there is application of mind by the Legislature as regards the basis to be adopted. Again, it may be noted ....
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....hat the State enjoys the widest latitude where measures of economic regula tion are concerned. These measures for fiscal and economic regulation involve an evaluation of diverse and quite often conflicting economic criteria and adjustment and balancing of various conflicting social and economic values and interests. It is for the State to decide what economic and social policy it should pursue and....
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.... the distribution of the burden of a 'fee' as well. The Legislature has to reckon with practical difficulties of adjustments of conflicting interests. It has to bring to bear a pragmatic approach to the resolution of these conflicts and evolve a fiscal policy it thinks is best suitable to the felt needs. The complexity of economic matters and the pragmatic solutions to be found for them defy and g....