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Business
Supreme Court stays Punjab-Haryana HC order striking down Income‑Tax Section 147A
✍️ Business Standard
🗓 19 Sep 2026, 02:31 AM
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The Supreme Court has put a hold on the Punjab and Haryana High Court judgment that had invalidated Income‑Tax Section 147A.
New Delhi: The Supreme Court issued an interim order staying the Punjab and Haryana High Court's ruling that struck down Section 147A of the Income‑Tax Act. The High Court had earlier declared the provision unconstitutional, but the apex court's stay restores its legal effect pending a final decision.
The bench hearing the matter said the stay was necessary to maintain the status quo and avoid any disruption to the tax administration. It did not comment on the merits of the High Court's judgment.
Legal experts note that Section 147A, introduced a few years ago, targets certain cash transactions to curb tax evasion. The Supreme Court's intervention means the provision will continue to be applied until the case is fully resolved.
The order underscores the judiciary's role in balancing fiscal policy measures with constitutional safeguards. The matter remains under consideration, and a detailed verdict is expected later.
The bench hearing the matter said the stay was necessary to maintain the status quo and avoid any disruption to the tax administration. It did not comment on the merits of the High Court's judgment.
Legal experts note that Section 147A, introduced a few years ago, targets certain cash transactions to curb tax evasion. The Supreme Court's intervention means the provision will continue to be applied until the case is fully resolved.
The order underscores the judiciary's role in balancing fiscal policy measures with constitutional safeguards. The matter remains under consideration, and a detailed verdict is expected later.