https://www.taxtmi.com/caselaws?id=754540 The HC quashed the reassessment notices and consequential orders issued under Section 148 of the Income Tax Act, 1961, due to non-compliance with the Finance Act, 2021, and directives from the Hon'ble SC. The court sustained the jurisdictional objection, allowing the writ petitions and reserving the Revenue's right to proceed further. Both parties were granted liberty to take further legal action as per the previous SC order, with no costs imposed and pending interlocutory applications closed. en-us Wed, 05 Jun 2024 00:00:00 +0530 Wed, 26 Jun 2024 08:30:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754540 The HC quashed the reassessment notices and consequential orders issued under Section 148 of the Income Tax Act, 1961, due to non-compliance with the Finance Act, 2021, and directives from the Hon'ble SC. The court sustained the jurisdictional objection, allowing the writ petitions and reserving the Revenue's right to proceed further. Both parties were granted liberty to take further legal action as per the previous SC order, with no costs imposed and pending interlocutory applications closed. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754540