https://www.taxtmi.com/caselaws?id=418672 The court set aside reassessment notices issued under old provisions and held that amended provisions should apply from 1.4.2021. Assessing authorities were granted liberty to initiate reassessment proceedings under amended Sections 147 to 151 if the limitation period remained. The court emphasized that the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, did not save provisions amended by the Finance Act, 2021. Judgments from Allahabad and Delhi High Courts supported applying amended provisions post 1.4.2021 and stated notifications could not preserve old provisions. en-us Fri, 04 Feb 2022 00:00:00 +0530 Fri, 29 Apr 2022 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418672 The court set aside reassessment notices issued under old provisions and held that amended provisions should apply from 1.4.2021. Assessing authorities were granted liberty to initiate reassessment proceedings under amended Sections 147 to 151 if the limitation period remained. The court emphasized that the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, did not save provisions amended by the Finance Act, 2021. Judgments from Allahabad and Delhi High Courts supported applying amended provisions post 1.4.2021 and stated notifications could not preserve old provisions. Case-Laws Income Tax Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418672