https://www.taxtmi.com/caselaws?id=418279 The Court declared reassessment notices issued post 01.04.2021 without adherence to Section 148A of the Income Tax Act, 1961 as invalid. It emphasized the necessity of following revised time limits for notices under Section 148 and rejected the application of extended periods for reassessments predating the substitution. Additionally, the Court deemed notifications by the CBDT dated 31.03.2021 and 27.04.2021 unconstitutional, as they exceeded delegated powers. Conflicting judicial opinions were dismissed, affirming the effectiveness of the Finance Act, 2021 amendments from 01.04.2021. The impugned notices were quashed, writ petitions allowed, and revenue appeals dismissed. en-us Tue, 08 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418279 The Court declared reassessment notices issued post 01.04.2021 without adherence to Section 148A of the Income Tax Act, 1961 as invalid. It emphasized the necessity of following revised time limits for notices under Section 148 and rejected the application of extended periods for reassessments predating the substitution. Additionally, the Court deemed notifications by the CBDT dated 31.03.2021 and 27.04.2021 unconstitutional, as they exceeded delegated powers. Conflicting judicial opinions were dismissed, affirming the effectiveness of the Finance Act, 2021 amendments from 01.04.2021. The impugned notices were quashed, writ petitions allowed, and revenue appeals dismissed. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418279