Consider the following statements regarding Section 147A of the Income Tax Act:1.The Supreme Court recently stayed a High Court decision that declared Section 147A of the Income Tax Act, 1961 unconstitutional.2.Section 147A exclusively deals with the taxation of agricultural income and land acquisition compensations.Which of the statements given above is/are correct?

Statement 1 is correct because the Supreme Court stayed the Punjab and Haryana High Court ruling that had quashed reassessment notices and declared Section 147A unconstitutional. Statement 2 is incorrect because Section 147A relates to reassessment notices issued by the tax department to reopen assessments where taxable income escaped tax, not agricultural income taxation.