K.R. Palanisamy & Ors. vs The Union Of India & Ors.

Authority: High Court Date: 2008-08-05 Section: 50C, 246, 47A Acts: Income Tax Act 1961, Constitution of India, Indian Stamp Act 1899, Wealth Tax Act 1957 Result: Revenue Citation: (2008) 219 CTR (Mad) 323 : (2008) 306 ITR 61 : (2009) 180 TAXMAN 253 : (2008) 13 DTR 121 Justices: K. Raviraja Pandian & P.P.S. Janarthana Raja, JJ. Appeal No: Writ Petn. Nos. 4387 of 2003; 6229, 7040, 7041, 15662, 35699 & 35903 of 200
Whether Section 50C of the Income Tax Act 1961 is constitutionally valid --- Held Yes; Whether Section 50C is beyond legislative competence of Parliament under Entry 82 List I of Schedule VII of the Constitution --- Held No; Whether Section 50C is arbitrary, discriminatory, and violative of Articles 14 and 265 of the Constitution --- Held No; Whether Section 50C violates principles of natural justice by not providing opportunity to assessee --- Held No

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