Section 148 notice invalid if not comply with Finance Act 2021: Telangana HC

Uppariguda Primary Agricultural Cooperative Society Limited Vs Assessment Unit (Telangana High Court) In a landmark judgment, the Telangana High Court invalidated reassessment notices issued under Section 148 of the Income Tax Act for failing to follow the modified procedure introduced by the Finance Act, 2021. The case, Uppariguda Primary Agricultural Cooperative Society Limited vs. Assessment Unit, Income Tax Department, highlights the critical importance of adhering to statutory changes and procedural mandates in tax reassessment processes. Case Background: The case involves multiple writ p...