Supreme Court · 1996 INSC 235 · Decided 13 February 1996
Union of India and ANR. ETC. ETC. v. A. Sanyasi Rao and ORS. ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 235 · [1996] 2 S.C.R. 570
- Case number
- CIVIL APPEAL No. 4290/1989
- Decided
- 13 February 1996
- Bench
- A.M. AHMADI, S.C. SEN, K.S. PARIPOORNAN (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution Article 14, 19(1)(g); Income Tax Act Section 44AC, 206C
Headnote
OF INDIA AND ANR. ETC. ETC. v. A. SANY ASI RAO AND ORS. ETC. ETC. FEBRUARY 13, 1996 (A.M. AHMADI, CH, S.C. SEN AND K.S. PARIPOORNAN, JJ.) Income Tax Act. 1961-Section 44AC-Inserted by Finance Act, 198~Section 206C-Inseited by Tax Laws Amendment Act, 1989-Com­ putation of profit or loss on of tax at the point of purchas~Held, a tax on income. The Petitioners from various states challenged the validity of Section 206C of the Income Tax Act, 1961 inserted by the Finance Act, 1988 with effect from 1.6.1988 and Section 44AC of the Income Tax Act, 1961 inserted by the Direct Tax
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)