Reassessment notice issued after 01-4-21 without following procedure of newly inserted sec. 148A is valid: HC

INCOME TAX : Though new section 148A was inserted w.e.f. 1-4-2021 stipulating condition of giving opportunity of hearing to assessee prior to issuing reassessment notice, in view of COVID pandemic, old provisions of section 148 was extended uptill 30-6-2021; reassessment notice issued on 28-6-2021 without following procedure inserted vide new section 148A would be validINCOME TAX : Though new section 148A was inserted w.e.f. 1-4-2021 stipulating condition of giving opportunity of hearing to assessee prior to issuing reassessment notice, in view of COVID pandemic, old provisions of section 148 was extended uptill 30-6-2021; reassessment notice issued on 28-6-2021 without following procedure inserted vide new section 148A would be validwww.taxmann.com Latest Case LawsRead More

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