2017 (9) TMI 1106

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....learned Senior Counsel appearing for the petitioner and Mr.T.V.Krishnamachari, learned Central Government Standing Counsel appearing for the first respondent and Mr.J.Narayanaswamy, learned Standing Counsel appearing for the second respondent. 2. The petitioner has come forward with this Writ Petition for issuance of Writ of Declaration to declare Sections 115 WA to WL of the Income Tax Act, 1961....

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....e parties i.e. the petitioner as well as the Revenue to abide by the decision of the Hon'ble Supreme Court. 5. The learned counsel for the Revenue expressed an apprehension that in the event the Hon'ble Supreme Court uphold the provisions as being a valid piece of legislation, then the assessee like the petitioner should not plead that the action that may be initiated by the Department or....