Section 115 is constitutionally valid and and alteration in its provision by HC is unwarranted: SC

The provisions of Section 115­O are well within the competence of Parliament.To put any limitation in the said provision as held by the Calcutta High Court that additional tax can be levied only on the 40% of the dividend income shall be altering the provision of Section 115­O for which there is no warrant.The Calcutta High Court having upheld the vires of Section 115­O no further order was necessary in that writ petition. J U D G M E N T ASHOK BHUSHAN, J. The constitutional validity of Section 115­O of the Income Tax Act, 1961 (hereinafter referred to as ‘1961,...