https://www.taxtmi.com/caselaws?id=419446 The court declared Explanations A(a)(ii)/A(b) to the notifications as ultra vires the Relaxation Act, 2020, and invalidated all impugned notices under section 148 of the Income Tax Act, 1961. Assessing officers were permitted to initiate fresh re-assessment proceedings in line with amended provisions introduced by the Finance Act, 2021, ensuring statutory compliance. The judgment aligned with previous decisions, granting relief to petitioners by quashing the notices and enabling re-assessment in accordance with the law. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419446 The court declared Explanations A(a)(ii)/A(b) to the notifications as ultra vires the Relaxation Act, 2020, and invalidated all impugned notices under section 148 of the Income Tax Act, 1961. Assessing officers were permitted to initiate fresh re-assessment proceedings in line with amended provisions introduced by the Finance Act, 2021, ensuring statutory compliance. The judgment aligned with previous decisions, granting relief to petitioners by quashing the notices and enabling re-assessment in accordance with the law. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419446