Section 159 of the Finance Act 2023: Creating undue hardship for tax-compliant and honest taxpayers
Section 159 of the Finance Act, 2023, has been notified by the CBIC w.e.f. 1st October 2023. However, after reading the bare text of the section, it is surprising how the Legislature drafted the law, making it challenging to figure out the rationale behind that section. Section 159 of the Finance Act 2023 is reproduced below.