Whether repealed provision of sec. 148 be extended through notification? HC admits writ and issues notice to parties

INCOME TAX : Where assessee challenged constitutional validity of Explanation contained in Notification No. 20 of 2021, dated 31-3-2021 as well as Notification No. 38 of 2021, dated 27-4-2021 issued by CBDT by exercising powers conferred by section 3 of TLA Act, 2020 contending that even though section 148 was substituted by Finance Act, 2021 w.e.f. 1-4-2021, said notifications allowed revenue to issue reassessment notice under old provisions of section 148, notice was to be issuedINCOME TAX : Where assessee challenged constitutional validity of Explanation contained in Notification No. 20 of 2021, dated 31-3-2021 as well as Notification No. 38 of 2021, dated 27-4-2021 issued by CBDT by exercising powers conferred by section 3 of TLA Act, 2020 contending that even though section 148 was substituted by Finance Act, 2021 w.e.f. 1-4-2021, said notifications allowed revenue to issue reassessment notice under old provisions of section 148, notice was to be issuedwww.taxmann.com Latest Case LawsRead More

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