LAWS(KAR)-1999-9-48

K V KUPPA RAJU Vs. GOVERNMENT OF INDIA

Decided On September 02, 1999
K.V. KUPPA RAJU Appellant
V/S
GOVERNMENT OF INDIA Respondents

JUDGEMENT

(1.) THE validity of Section 64(1A) of the Income-tax, 1961, has been assailed in these petitions. THE provisions of Section 64(1A) are as under :

(2.) THE Full Bench of the Madras High Court in the case of K. M. Vyayan v. Union of India [1995] 215 ITR 371 upholding the validity of Section 64(1A) held that it was not violative of articles 14 and 19 of the Constitution of India.

(3.) RECOMMENDATIONS of the Chokshi Committee : In its final report, the Direct Tax Laws Committee examined the provisions of Section 64 in great detail and made the following recommendations :