Delhi HC Ruling on Validity of Reassessment Notices Post-Finance Act, 2021

Kanwaljeet Kaur Vs ACIT (Delhi High Court) In Kanwaljeet Kaur vs. Assistant Commissioner of Income Tax, the Delhi High Court examined the validity of reassessment notices issued under Section 148 of the Income Tax Act, 1961. These notices were issued after the amendments introduced by the Finance Act, 2021, which revamped the reassessment procedure. Central to the case was whether notices issued between April 1, 2021, and June 30, 2021, under the pre-amended provisions complied with the procedural requirements introduced by Section 148A. The Finance Act, 2021, effective April 1, 2021, mandated...