https://www.taxtmi.com/caselaws?id=309548 The court held that notices issued under Section 148 of the Income Tax Act after 01.04.2021 were invalid as they did not comply with the new reassessment provisions introduced by the Finance Act, 2021. Additionally, the explanations in the CBDT circulars dated 31.03.2021 and 27.04.2021 were deemed unconstitutional and invalid as they exceeded the delegated powers of the CBDT. Consequently, the court quashed the notices, following the precedent set in "Sudesh Taneja Vs. Income Tax Officer," and disposed of all pending applications in favor of the petitioners. en-us Thu, 03 Feb 2022 00:00:00 +0530 Fri, 08 Sep 2023 22:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309548 The court held that notices issued under Section 148 of the Income Tax Act after 01.04.2021 were invalid as they did not comply with the new reassessment provisions introduced by the Finance Act, 2021. Additionally, the explanations in the CBDT circulars dated 31.03.2021 and 27.04.2021 were deemed unconstitutional and invalid as they exceeded the delegated powers of the CBDT. Consequently, the court quashed the notices, following the precedent set in "Sudesh Taneja Vs. Income Tax Officer," and disposed of all pending applications in favor of the petitioners. Case-Laws Income Tax Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309548