https://www.taxtmi.com/caselaws?id=415802 Reassessment notices issued under Section 148 after 01.04.2021 had to comply with the substituted reassessment scheme introduced by the Finance Act, 2021, including the new Section 148A procedure. In the absence of any saving clause preserving the old regime, notices issued after the effective date could not proceed under the pre-amendment provisions. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and the related relaxation notifications extended limitation only for proceedings still governed by the earlier framework and could not revive replaced provisions. On this basis, the notices were held invalid and quashed, with liberty to proceed afresh under the amended law. en-us Fri, 03 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415802 Reassessment notices issued under Section 148 after 01.04.2021 had to comply with the substituted reassessment scheme introduced by the Finance Act, 2021, including the new Section 148A procedure. In the absence of any saving clause preserving the old regime, notices issued after the effective date could not proceed under the pre-amendment provisions. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and the related relaxation notifications extended limitation only for proceedings still governed by the earlier framework and could not revive replaced provisions. On this basis, the notices were held invalid and quashed, with liberty to proceed afresh under the amended law. Case-Laws Income Tax Fri, 03 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415802