https://www.taxtmi.com/caselaws?id=764302 ITAT Patna held that reassessment orders dated 31.03.2022 passed pursuant to notices issued under old section 148 on 30.06.2021 were invalid, as section 148 was no longer applicable from 01.04.2021 following introduction of new reassessment scheme under section 148A. CIT(Appeals) erred in treating these orders as non-est without examining their validity on merits. The orders could not automatically extinguish due to subsequent proceedings under section 148A, and AO cannot suo motu treat earlier orders as void. Assessment orders under section 143(3) read with section 147 were quashed as invalid. Appeal decided in favor of assessee. en-us Wed, 25 Sep 2024 00:00:00 +0530 Tue, 07 Jan 2025 11:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764302 ITAT Patna held that reassessment orders dated 31.03.2022 passed pursuant to notices issued under old section 148 on 30.06.2021 were invalid, as section 148 was no longer applicable from 01.04.2021 following introduction of new reassessment scheme under section 148A. CIT(Appeals) erred in treating these orders as non-est without examining their validity on merits. The orders could not automatically extinguish due to subsequent proceedings under section 148A, and AO cannot suo motu treat earlier orders as void. Assessment orders under section 143(3) read with section 147 were quashed as invalid. Appeal decided in favor of assessee. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764302