https://www.taxtmi.com/caselaws?id=421971 The court invalidated notices of re-assessment for the assessment year 2015-16, citing changes in reassessment provisions under the Finance Act, 2021. It clarified that the new provisions apply to notices issued after 01.04.2021, rejecting time-barred notices for past periods. The court deemed explanations in CBDT notifications unconstitutional, emphasizing subordinate legislation must align with the parent Act. It quashed the notices, affirming the Single Judge's decision, dismissing revenue appeals, and allowing all writ petitions. en-us Wed, 20 Apr 2022 00:00:00 +0530 Thu, 05 May 2022 08:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421971 The court invalidated notices of re-assessment for the assessment year 2015-16, citing changes in reassessment provisions under the Finance Act, 2021. It clarified that the new provisions apply to notices issued after 01.04.2021, rejecting time-barred notices for past periods. The court deemed explanations in CBDT notifications unconstitutional, emphasizing subordinate legislation must align with the parent Act. It quashed the notices, affirming the Single Judge's decision, dismissing revenue appeals, and allowing all writ petitions. Case-Laws Income Tax Wed, 20 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421971