https://www.taxtmi.com/caselaws?id=415441 The court held that reassessment notices issued under Section 148 of the Income Tax Act, 1961, were invalid as they did not comply with the new provisions introduced by the Finance Act, 2021, and the mandatory procedures under Section 148A. The court quashed the notices but allowed for fresh reassessment proceedings to be initiated in compliance with the amended provisions. It emphasized the importance of harmonizing the Finance Act, 2021, and the Enabling Act, stating that delegated legislation cannot override principal legislation. en-us Thu, 25 Nov 2021 00:00:00 +0530 Tue, 22 Feb 2022 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415441 The court held that reassessment notices issued under Section 148 of the Income Tax Act, 1961, were invalid as they did not comply with the new provisions introduced by the Finance Act, 2021, and the mandatory procedures under Section 148A. The court quashed the notices but allowed for fresh reassessment proceedings to be initiated in compliance with the amended provisions. It emphasized the importance of harmonizing the Finance Act, 2021, and the Enabling Act, stating that delegated legislation cannot override principal legislation. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415441