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of <h1>New Section 158AB Allows Tax Appeals Delay for Identical Legal Questions Pending in Higher Courts</h1> Section 158AB is introduced to the Income-tax Act to address cases where an identical legal question is pending before higher courts. If a collegium of senior tax officials determines that a legal question in a taxpayer's case matches one pending before a High Court or the Supreme Court, they may decide not to file an appeal at that time. The Principal Commissioner or Commissioner will instruct the Assessing Officer to file an appeal only after the legal question is resolved in the other case. This process requires taxpayer agreement and must adhere to specified timelines and procedures. The amendment is effective from April 1, 2022.
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