Clause 39 - Insertion of new section 158AA- Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court.

Section 158AA: Steps for Handling Identical Legal Questions in Revenue Appeals Pending Before the Supreme Court

Section 158AA of the Income-tax Act, effective June 1, 2015, outlines the procedure when an identical question of law is pending before the Supreme Court in a revenue appeal. If the Commissioner or Principal Commissioner believes a legal question in an assessee's case matches one pending in another case before the Supreme Court, they may direct the Assessing Officer to apply to the Appellate Tribunal rather than appeal immediately. This application is contingent upon the assessee's acceptance of the identical nature of the legal question. If the Supreme Court's decision differs, an appeal to the Tribunal must be filed within sixty days.