SC declares sub-section (3) of section 140A of Income-tax Act void, overturns HC judgment

The SC allowed Revenue's appeals against the HC judgment, declaring sub-section (3) of section 140A of the Income-tax Act, 1961, as void. SC disagreed with HC's reasoning and set aside the judgment, citing similar decisions by other HCs.

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The Supreme Court allowed the Revenue's appeals against the Madras High Court judgment, declaring sub-section (3) of section 140A of the Income-tax Act, 1961, as void. The Supreme Court disagreed with the Madras High Court's reasoning and set aside the judgment, citing similar decisions by other High Courts.

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