Supreme Court: The constitutional bench comprising of R.M. Lodha, CJ and A. K. Patnaik, S.J. Mukhopadhaya, Dipak Misra and Fakkir Kalifulla, JJ in reference to the Society for Unaided Private Schools of Rajasthan v. Union of India (2012) 6 SCC 102, held that insertion of Article 21A and Article 15(5) of the Constitution by the Eighty-Sixth (2002) and Ninety-Third (2005) Amendment, respectively, does not alter the Basic Structure of the Constitution and is constitutionally valid in particular reference to private-unaided schools. The Court emphasized upon the failure of Article 15 in achieving the goal of 'equal treatment without discrimination by State' to hold Article 15(5) of the Constitution as a necessary addition and that Article 21A was inserted to give effect to the Directive Principle of State regarding education in Article 45 of the Constitution. The Court then elucidated that the right of private educational institutions under Article 19(1)(g) was not destroyed by admissions, free-ships or scholarships to educationally and socially backward classes of citizens as well as the Scheduled Castes and the Scheduled Tribes which in actuality are necessary to achieve the constitutional goals of equality of opportunity and social justice set out in the Preamble of the Constitution. [Pramati Educational and Cultural Trust v. Union of India; Writ Petition © No. 416 of 2012; Decided on May 06, 2014]
The division Bench of the Delhi High Court in Pr.Commissioner of Wealth Tax vs. Raghu Hari Dalmia held that a valuation report made by a registered valuer once adopted shall be in effect for four assessment years unless an event has occurred whereby the value is increased or decreased. The High Court made it clear that the event of “search” under Section 132 of the Income Tax Act, 1961 cannot compel the assessee to undertake a fresh valuation.
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