2023 (9) TMI 693

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....r. M. Rama Krishna, learned counsel representing Mr. Gadi Praveen Kumar, Deputy Solicitor General of India, Adhi Venkateswara Rao ORDER: (PER THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE) The petitioner-association, namely Airports Authority Employees' Union, has prayed for the following reliefs: "For the reasons stated in the accompanying affidavit, it is hereby prayed that this Hon'ble Court ....

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....has assailed the validity of Section 17(2)(vi) of the Income Tax Act, 1961, as inserted by the Finance Act, 2001 (Act No. 14 of 2001) w.e.f., 01.04.2002). The petitioner-association also seeks to challenge the validity of Rule 3 of the Income Tax Rules, 1962, as substituted by the Income Tax (22nd Amendment) Rules 2001 by notification dated 25.09.2001 on the ground that the same is hit by the vice....

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.... lower than the rate of interest which the Central Government may, having regard to the rate of interest charged by it from its employee on loans for such purpose granted to them, specify in this behalf to notification in the official gazettee, an amount equal to - (a) in a case where such loans is advanced without charging any interest, the interest calculated in the prescribed manner on such l....