https://www.taxtmi.com/caselaws?id=258137 The Supreme Court upheld the Bombay High Court's judgment on the validity of Sections 245 HA(1)(iv) and 245HA(3) of the Income Tax Act, 1961. The High Court found the provisions violated Article 14 but suggested a reading down of Section 245HA(1)(iv) to address the issue of arbitrariness in the cutoff date. The Supreme Court declined to interfere with the High Court's decision, dismissing all special leave petitions by the Union of India. This case emphasizes the importance of constitutional validity and fair interpretation of tax laws to uphold the rule of law in tax proceedings. en-us Wed, 25 Mar 2015 00:00:00 +0530 Wed, 22 Mar 2017 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258137 The Supreme Court upheld the Bombay High Court's judgment on the validity of Sections 245 HA(1)(iv) and 245HA(3) of the Income Tax Act, 1961. The High Court found the provisions violated Article 14 but suggested a reading down of Section 245HA(1)(iv) to address the issue of arbitrariness in the cutoff date. The Supreme Court declined to interfere with the High Court's decision, dismissing all special leave petitions by the Union of India. This case emphasizes the importance of constitutional validity and fair interpretation of tax laws to uphold the rule of law in tax proceedings. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258137