https://www.taxtmi.com/caselaws?id=305925 The court held that reassessment notices issued post 31st March, 2021 under Sections 147 to 151 of the Income Tax Act, 1961, did not comply with the new procedure introduced by the Finance Act, 2021. The court declared Explanations in the notifications as ultra vires the Relaxation Act, 2020, quashing the reassessment notices and allowing the writ petitions. It emphasized that the Executive cannot undermine legislative provisions and must adhere to the procedures set by the Finance Act, 2021. en-us Fri, 07 Jan 2022 00:00:00 +0530 Fri, 30 Dec 2022 09:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305925 The court held that reassessment notices issued post 31st March, 2021 under Sections 147 to 151 of the Income Tax Act, 1961, did not comply with the new procedure introduced by the Finance Act, 2021. The court declared Explanations in the notifications as ultra vires the Relaxation Act, 2020, quashing the reassessment notices and allowing the writ petitions. It emphasized that the Executive cannot undermine legislative provisions and must adhere to the procedures set by the Finance Act, 2021. Case-Laws Income Tax Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305925