UNION OF INDIA vs H. S. DHILLON

The Supreme Court upheld the validity of the amendment to the Wealth Tax Act, 1957, which included agricultural land in the definition of assets for wealth tax computation. The Court clarified that under Article 248 of the Constitution, Parliament has the exclusive power to legislate on matters not enumerated in List II or List III, including the imposition of taxes. The Court concluded that the amendment does not infringe upon the legislative competence of the States under entry 49, List II, thus affirming the Parliament's authority to enact the law.