Section 147A Struck Down As Unconstitutional; Reassessments Initiated By Jurisdictional Assessing Officers Quashed For Lack Of Jurisdiction
Section 147A Struck Down As Unconstitutional; Reassessments Initiated By Jurisdictional Assessing Officers Quashed For Lack Of Jurisdiction Issue Whether Section 147A of the Income-tax Act, 1961 (inserted retrospectively by Finance Act, 2026) is unconstitutional for overriding judicial precedents and violating the doctrine of separation of powers, and whether reassessment proceedings initiated by Jurisdictional Assessing Officers… Read More »