2017 (9) TMI 1467

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....ts : Mr. A.P.Srinivas, Standing Counsel. ORDER Heard Mr.S.Rajasekar, learned Counsel appearing for the petitioner and Mr.A.P.Srinivas, learned Standing Counsel appearing for the respondents. 2. The petitioner has come forward with this Writ Petition for issuance of Writ of Declaration to declare Sections 115 WA (2) and 115 WB (1) and 115 WB (2) of the Income Tax Act, 1961 as introduced by....

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....n'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 in the process of being initiated, is barred by limitation. 6. The Revenue need n....