https://www.taxtmi.com/caselaws?id=305763 The High Court invalidated the reassessment notice challenged by the petitioner for the assessment year 2017-18, citing non-compliance with the newly introduced provisions of the Finance Act, 2021, and the failure to follow the procedure under Section 148A inserted from 01.04.2021. The court emphasized that all reassessment notices issued post 01.04.2021 must adhere to the updated statutory framework, quashing the impugned notice and affirming the importance of complying with the revised reassessment procedures. Subordinate legislation attempting to apply pre-amendment provisions post-01.04.2021 was deemed unconstitutional and invalid. en-us Fri, 11 Feb 2022 00:00:00 +0530 Thu, 22 Dec 2022 21:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305763 The High Court invalidated the reassessment notice challenged by the petitioner for the assessment year 2017-18, citing non-compliance with the newly introduced provisions of the Finance Act, 2021, and the failure to follow the procedure under Section 148A inserted from 01.04.2021. The court emphasized that all reassessment notices issued post 01.04.2021 must adhere to the updated statutory framework, quashing the impugned notice and affirming the importance of complying with the revised reassessment procedures. Subordinate legislation attempting to apply pre-amendment provisions post-01.04.2021 was deemed unconstitutional and invalid. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305763