https://www.taxtmi.com/caselaws?id=470069 Reassessment proceedings for periods after 1 April 2021 must comply with the substituted provisions of the Income-tax Act, 1961, subject to the statutory extension under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. The approval and notice process must satisfy Sections 148A, 149 and 151 as interpreted by the Supreme Court. Where approval is granted under the pre-2021 regime, but the Section 148A(b) notice requires consideration under the substituted provisions, the reassessment process is legally defective. On the stated facts, the reopening notice was set aside and the consequential reassessment order was quashed. en-us Thu, 13 Mar 2025 00:00:00 +0530 Tue, 14 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470069 Reassessment proceedings for periods after 1 April 2021 must comply with the substituted provisions of the Income-tax Act, 1961, subject to the statutory extension under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. The approval and notice process must satisfy Sections 148A, 149 and 151 as interpreted by the Supreme Court. Where approval is granted under the pre-2021 regime, but the Section 148A(b) notice requires consideration under the substituted provisions, the reassessment process is legally defective. On the stated facts, the reopening notice was set aside and the consequential reassessment order was quashed. Case-Laws Income Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470069