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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - Validity of order u/s 148A - ...

Income Tax

March 31, 2023

Reopening of assessment u/s 147 - Validity of order u/s 148A - all such notices when they would relate to Assessment Year 2013-14 or Assessment Year 2014-15 would be time barred as per the provisions of the Act as applicable in the old regime prior to 01.04.2021. Furthermore, these notices cannot be issued as per the amended provision of the Act. - HC

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