https://www.taxtmi.com/caselaws?id=421800 The court invalidated the notice of re-assessment for the assessment year 2013-14, citing the changes in reassessment provisions under the Finance Act, 2021. It clarified that the new scheme applies to notices issued after 01.04.2021, rendering non-compliant notices invalid. The judgment emphasized adherence to the revised statutory framework and declared the impugned notices unlawful, aligning with previous High Court interpretations. The court dismissed revenue appeals, quashed the notices, and affirmed the Single Judge's decision without the need for separate reasons. en-us Wed, 20 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421800 The court invalidated the notice of re-assessment for the assessment year 2013-14, citing the changes in reassessment provisions under the Finance Act, 2021. It clarified that the new scheme applies to notices issued after 01.04.2021, rendering non-compliant notices invalid. The judgment emphasized adherence to the revised statutory framework and declared the impugned notices unlawful, aligning with previous High Court interpretations. The court dismissed revenue appeals, quashed the notices, and affirmed the Single Judge's decision without the need for separate reasons. Case-Laws Income Tax Wed, 20 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421800