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SC rules in Favour of Revenue Department in Reassessment Dispute Case - (05 May 2022)

DIRECT TAXATION

Supreme Court by reversing the high court orders that had quashed income-tax notices under the old reassessment regime has held that notices issued under the old regime will be valid and shall be deemed to have been issued under the new provision of the reassessment regime in the Finance Act, 2021.

Tags : SUPREME COURT   FINANCE ACT   2021   REASSESSMENT   OLD REGIME   INCOME-TAX NOTICES  

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