https://www.taxtmi.com/caselaws?id=415837 Reassessment notices issued under Section 148 after 01.04.2021 had to comply with the substituted procedure introduced by the Finance Act, 2021, including Section 148A and the amended reassessment framework. In the absence of any saving clause preserving the earlier regime for post-substitution notices, failure to follow the new statutory requirements meant the notice could not validly confer jurisdiction for reassessment. The Section 148 notice was therefore held unsustainable and was quashed. en-us Fri, 26 Nov 2021 00:00:00 +0530 Wed, 15 Dec 2021 09:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415837 Reassessment notices issued under Section 148 after 01.04.2021 had to comply with the substituted procedure introduced by the Finance Act, 2021, including Section 148A and the amended reassessment framework. In the absence of any saving clause preserving the earlier regime for post-substitution notices, failure to follow the new statutory requirements meant the notice could not validly confer jurisdiction for reassessment. The Section 148 notice was therefore held unsustainable and was quashed. Case-Laws Income Tax Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415837