COVID-19 Pandemic Extends Pre-Amendment Powers for Income Tax Notices u/ss 147 and 148A Until March 2021. https://www.taxtmi.com/highlights?id=61097 Reopening of assessment u/s 147 - operation of Section 148A - Effect of COVID pandemic and lock down - Extension of provisions of Section 148 which was prevailing prior to the amendment of Finance Act, 2021 - the power to issue notice under Section 148 which was prior to the amendment was also saved and the time was extended. In a result, the notice issued on 30.03.2021 (Annexure P-1) would also be saved. - HC en-us Thu, 23 Dec 2021 12:13:25 +0530 Thu, 23 Dec 2021 12:13:25 +0530 TaxTMI RSS Generator COVID-19 Pandemic Extends Pre-Amendment Powers for Income Tax Notices u/ss 147 and 148A Until March 2021. https://www.taxtmi.com/highlights?id=61097 Reopening of assessment u/s 147 - operation of Section 148A - Effect of COVID pandemic and lock down - Extension of provisions of Section 148 which was prevailing prior to the amendment of Finance Act, 2021 - the power to issue notice under Section 148 which was prior to the amendment was also saved and the time was extended. In a result, the notice issued on 30.03.2021 (Annexure P-1) would also be saved. - HC Highlights Income Tax Thu, 23 Dec 2021 12:13:25 +0530 https://www.taxtmi.com/highlights?id=61097