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Reassessment provisions framed under Finance Act, 2021 cannot be deferred by CBDT notifications: HC
Case Law Details
- Case Name
- Shweta Kedia Vs ITO (Rajasthan High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Rajasthan High Court
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Shweta Kedia Vs ITO (Rajasthan High Court)
Issues: Whether after introduction of new provisions for reassessment of income by virtue of the Finance Act, 2021 with effect from 01.04.2021, substituting the then existing provisions, would the substituted provisions survive and could be used for issuing notices for reassessment for the past years and Whether the explanations contained in the CBDT circular dated 31.03.2021 and 27.04.2021 are legal and valid?
Held by High Court: In our understanding by virtue of notifications dated 31.03.2021 and 01.04.2021 issued by CBDT substitution of reassessmen...
