SC sets aside all HC orders with a direction to treat old notices as deemed notices under section 148A

Union of India Vs Ashish Agarwal (Supreme Court) Hon. Supreme Court Validates Section 148 Notices issued after 31st March 2021- Surprising Turn of Events Introduction: – Various High Courts had quashed reassessment notices issued u/s 148 of the act, on the ground that the same are bad in law in view of the new reassessment procedure, against such orders the Revenue had preferred an appeal before The Hon. Supreme Court. Contention raised by the Revenue: Approximately 90,000 reassessment notices have been issued under the old scheme of reassessment, various High Courts have quashed the rea...