Madras HC disposes Writ Petition against Income Tax Act Sections 115WA-115WL

Ramco Systems Ltd. Vs Union of India (Madras High Court) The recent judgment by the Madras High Court regarding the Writ Petition filed by Ramco Systems Ltd. against the Union of India has sparked discussions within legal and financial circles. The case revolves around the constitutional validity of Sections 115 WA to 115 WL of the Income Tax Act, 1961. The petitioner, represented by Mr. J. Balachander, contested the legality of the aforementioned sections of the Income Tax Act. It was argued that these provisions were no longer applicable as they were removed by the Finance Act 2/2009, effect...