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
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Judgements Access
Already a PRO member? Login here for an ad-free experience.
Bimal Jain
Published in Income Tax
Views : 433
downloaded 405 times
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
