Delhi HC Clarifies Section 148 Reassessment Notices Issued Pre/Post April 1, 2021

Cadence Real Estates Private Limited Vs ACIT/DCIT & Ors (Delhi High Court) Delhi High Court, in the case of Cadence Real Estates Private Limited Vs ACIT/DCIT & Ors, clarified its December 15, 2021, judgment regarding reassessment notices. The court stated that its previous ruling, which quashed Section 148 notices issued on or after April 1, 2021, due to non-compliance with the Finance Act, 2021, does not apply to notices issued prior to that date. This clarification specifically addresses a reassessment notice dated March 31, 2021, for Assessment Year 2015-16, which was inadvertently ...