Supreme Court: VAT is Not Applicable on Reliance’s Inter-State Gas Supply from KG Basin to UP  ||  Supreme Court: Co-Owner Can File Eviction Suit as Landlord under Bombay Rent Act  ||  Supreme Court: Mediclaim Reimbursement Cannot be Set off Against Accident Compensation  ||  SC: Hindu Succession Act 2005 Amendment Does Not Curtail Daughters’ Existing Inheritance Rights  ||  SC: Loans May be Treated as Deposits under MPID Act, Private Individuals as Financial Establishments  ||  Supreme Court: Preventive Detention Unwarranted When Ordinary Law Suffices to Maintain Order  ||  Supreme Court: Tenant’s Defence Cannot be Struck off Without Checking Wilful Rent Default  ||  Allahabad High Court: Disposing Non-Veg Food in Ganga May Hurt Hindu Religious Sentiments  ||  J&K&L High Court: Similarity With Police Dossier Alone Not Enough to Quash Preventive Detention  ||  Patna High Court: Convict on Bail Can Still Seek Premature Release    

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  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved