Union Of India And Ors. vs Kaumudini Narayan Dalal And Anr. on 6 December, 2000
In this connection, reliance placed by the
Respondent on the decisions in Union of India v. Kaumudini Narain, Berger
Paints v. Commissioner of Income-tax (2004) 12 SCC 42, Commissioner of
Income-tax v. Narendra Doshi (2004) 2 SCC 801 and Commissioner of
Central Excise v. Alsthom T & D is misplaced. The first two decisions deal
with the issue of appeals filed in respect of the assessment made under the
Income Tax Act, 1961. In the considered view of this Court, the principles
that should weigh with the Court while deciding the appeals under the Income
Tax Act, 1961 and the Central Excise Act, 1944 would not be relevant and
applicable for adjudging the legality of the orders passed under the local laws
fixing the prices of different commodities. It is settled law that as regards
„price fixation‟, the scope of interference by the Court is extremely limited.