TaxTMI 
TaxTMI 
TaxTMI 
Insertion of new section 158AA- Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court.
X X X X Extracts X X X X
X X X X Extracts X X X X
....an appeal by revenue an identical question of law is pending before Supreme Court. "158AA. (1) Notwithstanding anything contained in this Act, where the Commissioner or Principal Commissioner is of the opinion that any question of law arising in the case of an assessee for any assessment year (such case being herein referred to as relevant case) is identical with a question of law arising in his ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sioner or Principal Commissioner shall direct the Assessing Officer to make an application under sub-section (1) only if an acceptance is received from the assessee to the effect that the question of law in the other case is identical to that arising in the relevant case; and in case no such acceptance is received, the Commissioner or Principal Commissioner shall proceed in accordance with the pro....
X X X X Extracts X X X X
X X X X Extracts X X X X
....dure when in an appeal by revenue an identical question of law is pending before Supreme Court. Sub-section (1) of the proposed new section seeks to provide that where the Commissioner or Principal Commissioner is of the opinion that any question of law arising in the case of an assessee for any assessment year is identical with a question of law arising in his case for another assessment year wh....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... make an application under subsection( 1) only if an acceptance is received from the assessee to the effect that the question of law in the other case is identical to that arising in the relevant case; and in case no such acceptance is recived, the Commissioner or Principal Commissioner shall proceed in accordance with the provisions contained in subsection( 2) or sub section(2A) of section 253. ....