LatestCorporate Compliance 19 September 2026
Centre Challenges HC Ruling on 147A
The Union government has approached the Supreme Court to overturn a recent High Court decision that invalidated Section 147A of the Income Tax Act, arguing the provision is essential for tax compliance and revenue collection.
The Centre has filed a petition in the Supreme Court challenging the High Court's order that struck down Section 147A of the Income Tax Act.
- Section 147A requires certain taxpayers to file returns within a specified timeframe, aiming to curb tax evasion.
- The High Court ruled the provision unconstitutional, prompting the government to seek reversal.
- The Supreme Court will decide whether the provision can be reinstated.
For full details, see the original report here.
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