https://www.taxtmi.com/caselaws?id=413465 The court held that re-assessment notices issued under the old provisions of the Income Tax Act, 1961 after 01.04.2021 were invalid. The Finance Act, 2021 replaced old provisions with new ones, making the old provisions inapplicable for new re-assessment proceedings. The court emphasized that delegated legislation could not extend the applicability of old provisions beyond 31.03.2021. Therefore, the court quashed re-assessment notices issued after 01.04.2021 and directed authorities to initiate proceedings in line with the new provisions of the Finance Act, 2021. en-us Thu, 30 Sep 2021 00:00:00 +0530 Tue, 12 Oct 2021 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413465 The court held that re-assessment notices issued under the old provisions of the Income Tax Act, 1961 after 01.04.2021 were invalid. The Finance Act, 2021 replaced old provisions with new ones, making the old provisions inapplicable for new re-assessment proceedings. The court emphasized that delegated legislation could not extend the applicability of old provisions beyond 31.03.2021. Therefore, the court quashed re-assessment notices issued after 01.04.2021 and directed authorities to initiate proceedings in line with the new provisions of the Finance Act, 2021. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413465