https://www.taxtmi.com/caselaws?id=417276 The court invalidated reassessment notices issued post 31st March 2021 under Section 148 of the Income Tax Act for non-compliance with new procedural requirements introduced by the Finance Act, 2021. It held that the Finance Act, 2021 replaced old provisions, making reassessment notices issued after 31st March 2021 invalid if not in line with the new provisions. Additionally, the court declared Notifications extending old provisions beyond 31st March 2021 ultra vires and nullified them, allowing Assessing Officers to initiate fresh reassessment proceedings under the amended provisions of the Act. en-us Mon, 17 Jan 2022 00:00:00 +0530 Thu, 28 Apr 2022 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417276 The court invalidated reassessment notices issued post 31st March 2021 under Section 148 of the Income Tax Act for non-compliance with new procedural requirements introduced by the Finance Act, 2021. It held that the Finance Act, 2021 replaced old provisions, making reassessment notices issued after 31st March 2021 invalid if not in line with the new provisions. Additionally, the court declared Notifications extending old provisions beyond 31st March 2021 ultra vires and nullified them, allowing Assessing Officers to initiate fresh reassessment proceedings under the amended provisions of the Act. Case-Laws Income Tax Mon, 17 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417276