https://www.taxtmi.com/caselaws?id=420373 The court deemed all reassessment notices issued after 01.04.2021 invalid for not complying with the new provisions under the Finance Act, 2021. It clarified that the new reassessment scheme applied to all notices post 01.04.2021, emphasizing adherence to the updated procedures. Additionally, the court declared explanations introduced by the CBDT as unconstitutional, holding that subordinate legislation cannot amend statutory provisions. Consequently, the court quashed the challenged reassessment notices, affirmed the new provisions' applicability, and dismissed the revenue's appeals. en-us Fri, 28 Jan 2022 00:00:00 +0530 Mon, 27 Feb 2023 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420373 The court deemed all reassessment notices issued after 01.04.2021 invalid for not complying with the new provisions under the Finance Act, 2021. It clarified that the new reassessment scheme applied to all notices post 01.04.2021, emphasizing adherence to the updated procedures. Additionally, the court declared explanations introduced by the CBDT as unconstitutional, holding that subordinate legislation cannot amend statutory provisions. Consequently, the court quashed the challenged reassessment notices, affirmed the new provisions' applicability, and dismissed the revenue's appeals. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420373