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The Economic Times

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Supreme Court to hear Centre's plea on I-T reassessment order

The Supreme Court is preparing to address a crucial appeal from the government on Friday, challenging a recent High Court order from Punjab and Haryana. This ruling annulled Section 147A of the Income Tax Act, which governs the jurisdiction of assessing officers in reopened assessments. The implications of this decision are vast, influencing reassessment proceedings for more than 200,000 taxpayers.

17 Sep 2026 1:04 am