Court Rules Taxation and Other Laws Act Can't Override Finance Act on Reopening Assessments u/s 148A(d.

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....Validity of Reopening of assessment - order passed u/s 148A(d) - Period of limitation - 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. Also negatived by the Division Bench - it was not permissible in law for the Revenue to travel back in time. - HC....