New Delhi, April 29 (IANS) In a significant ruling impacting thousands of reassessment cases under the Income Tax Act, the Supreme Court has set aside a series of High Court rulings that had quashed reassessment notices issued by Jurisdictional Assessing Officers (JAOs) and remitted the matters back for fresh adjudication in light of the Finance Act, 2026. A bench of Chief Justice (CJI) Surya Kant, and Justices B.V. Nagarathna and Joymalya Bagchi passed a common order in a batch of thousands of …
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