https://www.taxtmi.com/caselaws?id=415898 Reopening of income-tax assessments: HC held that substituted procedural regime for Sections 147151, introduced by the Finance Act, 2021, took effect from 1 April 2021 and governs notices issued on or after that date. Executive notifications under the Relaxation Act, 2020 could only extend timelines and could not revive or prolong the erstwhile reassessment procedure; Explanations purporting to do so were ultra vires and inconsistent with the parent statutes. As a result, reassessment notices issued under Section 148 after 31 March 2021 that did not comply with the substituted procedure were quashed. en-us Wed, 15 Dec 2021 00:00:00 +0530 Tue, 20 Jan 2026 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415898 Reopening of income-tax assessments: HC held that substituted procedural regime for Sections 147151, introduced by the Finance Act, 2021, took effect from 1 April 2021 and governs notices issued on or after that date. Executive notifications under the Relaxation Act, 2020 could only extend timelines and could not revive or prolong the erstwhile reassessment procedure; Explanations purporting to do so were ultra vires and inconsistent with the parent statutes. As a result, reassessment notices issued under Section 148 after 31 March 2021 that did not comply with the substituted procedure were quashed. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415898