TaxTMI 
TaxTMI 
TaxTMI 
2022 (1) TMI 1284
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....MNos.1460-61/2022, W.P.(C)499/2022 & CMNos.1462-63/2022, W.P.(C)500/2022 & CMNos.1464-65/2022, W.P.(C)501/2022 & CMNos.1466-67/2022, W.P.(C)503/2022 & CMNos.1469-70/2022, W.P.(C)504/2022 & CMNos.1471-72/2022, W.P.(C)505/2022 & CMNos.1473-74/2022, W.P.(C)506/2022 & CMNo.1475/2022, W.P.(C)507/2022 & CMNos.1476-77/2022, W.P.(C)508/2022 & CMNos.1478-79/2022, W.P.(C)509/2022 & CMNos.1480-81/2022, W.P.(C)510/2022 & CMNos.1482-83/2022, W.P.(C)512/2022 & CMNos.1486-87/2022, W.P.(C)513/2022 & CMNos.1488-89/2022, W.P.(C)514/2022 & CMNos.1491-92/2022, W.P.(C)515/2022 & CMNo.1493/2022, W.P.(C)516/2022 & CMNo.1494/2022, W.P.(C)518/2022 & CMNos.1496-97/2022, W.P.(C)520/2022 & CMNo.1499/2022, W.P.(C)521/2022 & CMNos.1501-02/2022, W.P.(C)522/2022 & CMNo.15....
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....1664-65/2022, W.P.(C)585/2022 & CMNos.1666-67/2022, W.P.(C)586/2022 & CMNo.1668/2022, W.P.(C)587/2022 & CMNos.1669-70/2022, W.P.(C)588/2022 & CMNos.1671-72/2022, W.P.(C)589/2022 & CMNos.1673-74/2022, W.P.(C)590/2022 & CMNos.1675-76/2022, W.P.(C)593/2022 & CMNos.1680-81/2022, W.P.(C)595/2022 & CMNos.1682-83/2022, W.P.(C)597/2022 & CMNos.1687-88/2022, W.P.(C)598/2022 & CMNos.1689-90/2022, W.P.(C)599/2022, W.P.(C)601/2022 & CMNos.1692-93/2022, W.P.(C)603/2022 & CMNos.1697-98/2022, W.P.(C)604/2022 & CMNo.1699/2022, W.P.(C)605/2022 & CMNos.1700-01/2022, W.P.(C)606/2022 & CMNos.1702-03/2022, W.P.(C)607/2022 & CMNos.1705-06/2022, W.P.(C)608/2022 & CMNos.1707-08/2022, W.P.(C)609/2022 & CMNos.1716-17/2022, W.P.(C)610/2022 & CMNos.1718-19/2022, W.P.(....
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....orate Service Pvt. Ltd., Ramesh Kumar Khurana, Rathi Steel And Power Limited, Groz Engineering Tools Private Limited, M/S Renu Proptech Private Limited, Prabhat Mishra, Pritam Kumar Garg, Madhu Singhal, Ica International Pvt Ltd, Akhil Sagar, Arihant Solvex Pvt. Ltd., Yamini Gupta, Vandana Duggal, Ms. Riva Dhir, Touchstone Holdings Private Limited, Mrs. Rita Dhir, Ciencia Solutions Private Limited, Communist Party Of India (Marxist), Sonia Dhingra, Subhashini Gupta, Paramjeet Singh Kakkar, Indira Kumari Jain, Glosil Leasing And Finance Pvt Ltd., Ashok Kumar Sharma, Priya Mittal, Slg Global Tex Private Limited, Saraswati Manufactures, Sarita Sagar, Krishan Kumar Gupta, Emperor Infratech Pvt Ltd, Alka Malhotra, Mlb Medicare Private Limited Ve....
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....w that as the Legislature has introduced the new provisions, Sections 147 to 151 of the Income Tax Act, 1961 by way of the Finance Act, 2021 with effect from 1st April, 2021 and as the said Section 147 is not even mentioned in the impugned Explanations, the reassessment notices relating to any Assessment Year issued under Section 148 after 31st March, 2021 had to comply with the substituted Sections. 98. It is clarified that the power of reassessment that existed prior to 31st March, 2021 continued to exist till the extended period i.e. till 30th June, 2021; however, the Finance Act, 2021 has merely changed the procedure to be followed prior to issuance of notice with effect from 1st April, 2021. 99. This Court is of the opinion....
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....on made by the Finance Act, 2021 is not applicable to past Assessment Years, as it is substantial in nature is contradicted by Respondents' own Circular 549 of 1989 and its own submission that from 1st July, 2021, the substitution made by the Finance Act, 2021 will be applicable. 102. Revenue cannot rely on Covid-19 for contending that the new provisions Sections 147 to 151 of the Income Tax Act, 1961 should not operate during the period 1st April, 2021 to 30th June, 2021 as Parliament was fully aware of Covid-19 Pandemic when it passed the Finance Act, 2021. Also, the arguments of the respondents qua non-obstante clause in Section 3(1) of the Relaxation Act, 'legal fiction' and 'stop the clock provision' are contrary to facts and untena....