Court Rules Finance Act 2021 Prevails Over Taxation and Other Laws Act 2020 for Reopening Tax Assessments u/s 147.

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....Reopening of assessment u/s 147 - time limit for issuance of notice for reopening of the assessment - Validity of order u/s 148A - The Taxation and Other Laws Act, 2020 was rightly viewed to be a secondary legislation. It was therefore held that secondary legislation would not override the principal legislation-the Finance Act, 2021. - HC....