https://www.taxtmi.com/caselaws?id=306013 The court held that the new reassessment provisions introduced by the Finance Act, 2021, were applicable for issuing notices for past assessment years after 01.04.2021. Notices issued without following the new procedures were deemed invalid. Additionally, the court declared the explanations in the CBDT circulars as unconstitutional and invalid, stating that subordinate legislation cannot alter statutory provisions. The court allowed the writ petition, deemed the notice invalid, and applied directions from a previous case. All pending applications were disposed of accordingly. en-us Mon, 07 Mar 2022 00:00:00 +0530 Thu, 05 Jan 2023 08:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306013 The court held that the new reassessment provisions introduced by the Finance Act, 2021, were applicable for issuing notices for past assessment years after 01.04.2021. Notices issued without following the new procedures were deemed invalid. Additionally, the court declared the explanations in the CBDT circulars as unconstitutional and invalid, stating that subordinate legislation cannot alter statutory provisions. The court allowed the writ petition, deemed the notice invalid, and applied directions from a previous case. All pending applications were disposed of accordingly. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306013