Supreme Court · 2022 INSC 510 · Decided 4 May 2022
Union of India & ORS. v. Ashish Agarwal
- Court
- Supreme Court of India
- Citation
- 2022 INSC 510 · [2022] 3 S.C.R. 638
- Case number
- CIVIL APPEAL No. 3005/2022
- Decided
- 4 May 2022
- Bench
- M.R. SHAH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 148to151, 147to151
Headnote
Income Tax Act, 1961: ss.148 to 151, ss. 147 to 151(as amended by the Finance Act, 2021) - Issuance of notice where income has escaped assesssment - On facts, substituted ss.147 to 151 of the 1961 Act by the Finance Act, 2021 came into force on 01.04.2021 - However, after reassessment notices under the erstwhile ss. 148 to 151 of the unamended IT Act - Quashed by the High Court on the ground that the same are bad in law in view of new provisions-ss. 147 to 151 - On appeal, held: Amended provisions prescribe the procedure governing initiation of
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