Constitutional validity the Explanation to Clause (26AAA) - ...

Supreme Court Upholds Tax Exemption for Sikkimese Domiciled Since 1975 u/s 10(26AAA), Ensures No Constitutional Violation.

January 15, 2023

Case Laws Income Tax SC

Constitutional validity the Explanation to Clause (26AAA) - three categories of individuals entitled to the benefit - the Explanation has to be saved from being in violation of Articles 14 or 15 of the Constitution of India as there is rationale in the three clauses of the Explanation which is a reasonable classification which has a nexus to the object sought to be achieved, which is to grant of exemption from payment of income tax only to those individuals who would qualify as ‘Sikkimese’ in terms of the Explanation to clause (26AAA) of Section 10 of the I.T. Act, 1961. - It has to be directed that till such amendment is made to the down the Explanation to Section 10(26AAA) of the I.T. Act, 1961, all individuals domiciled in Sikkim up to 26th April, 1975 shall be entitled to the exemption under the said provision from the current financial year i.e., 1st April, 2022 onwards. - SC

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Constitutional validity the Explanation to Clause (26AAA) - ...

Supreme Court Upholds Tax Exemption for Sikkimese Domiciled Since 1975 u/s 10(26AAA), Ensures No Constitutional Violation.

January 15, 2023

Case Laws Income Tax SC

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