Team A is dribbling the ball down court.
Team B Head Coach calls for a Time Out. The Time Out is called
Then Team A Head Coach yells "They don't have possession"
Should Team B been granted the Time Out.

The only argument that I can see *NOT* to grant the request is to rule that the inadvertant whistle had nothing to do with B's request, giving an A throw-in.

In practice, we usually grant the TO. What if he already used his last? Hmm... ref messed up.

THe TO is granted in FED, even though it's an error.

Not granted in NCAA -- put the ball back in play.

I say the us switch to FIBA rules so you can't take a time out during play :D

This really isn't such a bad idea, although I'd also be fine if they just changed the rule so the TO could only be requested by a player on the court.

Anything that keeps the coach from requesting a TO is a good thing, IMO.

Team B should not have been granted the TO will Team was dribbling, however, after the offical blew his whistle to stop play the NFHS says Team B can have the TO as follows:

5.8.3 Situation E: The official erroneously grants Team B a time-out in a situation when Team B cannot have one. What happens now? Ruling: Team B is entitled to use the time-out since it was granted. The time-out once granted cannot be revoked and is charged to Team B. All privileges and rights permitted during a charged time-out are available to both teams.

In my opinion...this is nuts! NFHS should change this. The official makes an error by granting a TO when he should not have and it benefits one team over another.