Supreme Court Upholds Annuity Deposit Scheme Under Income-tax Act, 1961 Against Constitutional Challenge, Holding Parliament Competent to Enact Deposit Provisions Under Entries 82 and 97 of List I. Annuity Deposit Provisions Requiring High-Income Taxpayers to Deposit Part of Adjusted Total Income or Pay Additional Tax Were Held Not Colourable or Discriminatory Under Article 14, as Classification by Age Was Reasonable....
The petitioner, a trader at Meerut, filed a writ petition under Article 32 of the Constitution challenging a demand of Rs. 1,800 as annuity deposit made by the Income-tax Officer, D-Ward, Meerut under...




