Clause 375 - Procedure when assessee claims identical question of law is pending before High Court or Supreme Court.

Assessees can declare identical legal questions pending in higher courts, potentially resolving cases without waiting for final decisions.

When an assessee claims that a question of law in their case is identical to one pending before the High Court or Supreme Court, they can submit a declaration to the Assessing Officer or appellate authority. The authority will verify the claim and decide whether to accept it. If accepted, the case may be resolved without awaiting the final decision on the pending question, and the assessee cannot raise the issue in future appeals. Once the decision on the pending question is final, it will be applied to the assessee's case, and necessary amendments will be made to the order.