https://www.taxtmi.com/caselaws?id=429012 The Supreme Court modified judgments of various High Courts regarding challenges to the legality and validity of notices issued under the Income Tax Act. The Court allowed Civil Appeals in part, deeming impugned notices to have been issued under substituted provisions by the Finance Act, 2021. Assessing officers were directed to provide information to assessees within a timeframe, with certain procedural modifications. The Court's decision was binding nationwide on similar cases, ensuring compliance with the amended provisions. The writ petition was disposed of in accordance with the Supreme Court's judgment in Ashish Agarwal, providing clarity on reassessment proceedings under the Income Tax Act. en-us Wed, 28 Sep 2022 00:00:00 +0530 Sat, 15 Oct 2022 10:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429012 The Supreme Court modified judgments of various High Courts regarding challenges to the legality and validity of notices issued under the Income Tax Act. The Court allowed Civil Appeals in part, deeming impugned notices to have been issued under substituted provisions by the Finance Act, 2021. Assessing officers were directed to provide information to assessees within a timeframe, with certain procedural modifications. The Court's decision was binding nationwide on similar cases, ensuring compliance with the amended provisions. The writ petition was disposed of in accordance with the Supreme Court's judgment in Ashish Agarwal, providing clarity on reassessment proceedings under the Income Tax Act. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429012