https://www.taxtmi.com/caselaws?id=183755 The court declined to grant a stay on the constitutionality of Clause (ia) of Section 40(a) of the IT Act introduced by the Finance (No. 2) Act of 2004. However, the petitioners were directed to submit self-assessment returns including the amount for which tax was deducted at source for the assessment year 2007-08. The respondents were instructed to accept the returns, and the petitioners were required to pay tax on the self-assessment income. The court restrained the Department from taking penal action until the filing of the counter affidavit. The filing of returns and tax payment were considered provisional, with the option to file modified returns and pay additional tax if necessary. en-us Fri, 26 Oct 2007 00:00:00 +0530 Mon, 20 Jun 2016 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183755 The court declined to grant a stay on the constitutionality of Clause (ia) of Section 40(a) of the IT Act introduced by the Finance (No. 2) Act of 2004. However, the petitioners were directed to submit self-assessment returns including the amount for which tax was deducted at source for the assessment year 2007-08. The respondents were instructed to accept the returns, and the petitioners were required to pay tax on the self-assessment income. The court restrained the Department from taking penal action until the filing of the counter affidavit. The filing of returns and tax payment were considered provisional, with the option to file modified returns and pay additional tax if necessary. Case-Laws Income Tax Fri, 26 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183755