Section 148 Notice can be issued as per law prevalent on issue date

Vellore Institute of Technology Vs Central Board of Direct Taxes (Madras High Court) Hon. Madras High Court Quashes Section 148 Notices Issued After 31st March 2021 Facts- A challenge to the reassessment notices issued under Section 148 of the Act of 1961 has also been made referring to the amendment made in Sections 147 to 151 of the Act of 1961 with effect from 1.4.2021 by the Finance Act, 2021. A challenge to Explanations A(a)(ii)/A(b) to the Notification No.20, dated 31.3.2021 and Notification No.38, dated 27.4.2021 has been made by referring to the unamended provisions of Sections 147 to ...