https://www.taxtmi.com/caselaws?id=393494 The Court dismissed the Writ Petition challenging the validity of Section 40(a)(iib) of the Income Tax Act, 1961, emphasizing that the matter was still pending before the Income Tax Authority. The Court highlighted the importance of timing in challenging the provision and allowed the aggrieved parties to approach the appropriate forum when necessary, without costs. The decision focused on the protective nature of the provision and the parties' rights to pursue legal remedies at the suitable juncture. en-us Wed, 11 Mar 2020 00:00:00 +0530 Tue, 17 Mar 2020 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393494 The Court dismissed the Writ Petition challenging the validity of Section 40(a)(iib) of the Income Tax Act, 1961, emphasizing that the matter was still pending before the Income Tax Authority. The Court highlighted the importance of timing in challenging the provision and allowed the aggrieved parties to approach the appropriate forum when necessary, without costs. The decision focused on the protective nature of the provision and the parties' rights to pursue legal remedies at the suitable juncture. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393494