INCOME TAX : SC agrees with HCs that ITD erred in issuing reassessment notices on or after 1-4-2021 even if for past AYs as per old provisions but gives partial relief to Department by treating the reassessment notices issued under old provisions and quashed by HCs as show cause notices issued under clause (b) of new section 148A and dispenses with enquiry by AO under clause (a) of section 148A.INCOME TAX : SC agrees with HCs that ITD erred in issuing reassessment notices on or after 1-4-2021 even if for past AYs as per old provisions but gives partial relief to Department by treating the reassessment notices issued under old provisions and quashed by HCs as show cause notices issued under clause (b) of new section 148A and dispenses with enquiry by AO under clause (a) of section 148A.www.taxmann.com Latest Case LawsRead More
