Constitutional Validity upheld for TOLA which Extends Income Tax Reassessment Time limit
Last updated: 05 October 2024
Court :
Supreme Court of India
Brief :
The Hon'ble Supreme Court in the case Union of India & Ors. v. Rajeev Bansal [Civil Appeal No 8629 of 2024 dated October 03, 2024] set aside the judgments of the various High Courts which held that the reassessment notices issued under Section 148 of the new regime under the Income Tax Act, 1961, which is in pursuance of the deemed notices, ought to be issued within the time limit surviving under the Income Tax Act, 1961 read with the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions Act) 2021.
Citation :
Civil Appeal No 8629 of 2024 dated October 03, 2024
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Bimal Jain
Published in Income Tax
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