business ποΈ Supreme Court halts judgment on Income Tax Section 147A
The Supreme Court has stayed the Punjab and Haryana High Court's ruling that declared Section 147A of the Income Tax Act unconstitutional. This interim order was passed by Justices JB Pardiwala and K Vinod Chandran after a plea from the Union government. The High Court had previously struck down reassessment notices issued by local officers in the P&H region. The case, which revolves around local vs. faceless assessment authority, is now scheduled for a final hearing on 3 December 2026. This legal battle highlights the clash between traditional tax officers and the new faceless assessment regime.