https://www.taxtmi.com/caselaws?id=468740 A writ challenge to reassessment was resolved by applying the binding interpretation of Section 149 of the Income-tax Act, 1961. The court treated the issue as covered by an earlier Division Bench ruling construing the first and third provisos to Section 149 as effective from 01.04.2021, and noting the later renumbering of the third proviso from 01.04.2023. Because that precedent governed the legal question and had itself followed an earlier decision on the same point, the impugned reassessment action could not be sustained and the writ petition was allowed. en-us Thu, 28 Nov 2024 00:00:00 +0530 Wed, 20 May 2026 17:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468740 A writ challenge to reassessment was resolved by applying the binding interpretation of Section 149 of the Income-tax Act, 1961. The court treated the issue as covered by an earlier Division Bench ruling construing the first and third provisos to Section 149 as effective from 01.04.2021, and noting the later renumbering of the third proviso from 01.04.2023. Because that precedent governed the legal question and had itself followed an earlier decision on the same point, the impugned reassessment action could not be sustained and the writ petition was allowed. Case-Laws Income Tax Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468740