Section 148 of Income Tax Act 1961 Section 148A of Income Tax Act 1961 Bombay HC issues notice to the Revenue and the Attorney-General for India on writ petition preferred by Tata Communications Transformation Services Limited challenging the validity of notice u/s 148 issued under the pre-amendment reassessment regime on May 21, 2021 in the light of extensions notified by CBDT. HC records Assessee's contention that section 3 of The Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020, Explanation to clause (A)(a) of Notification No. 20/2021 dt. Mar 31, 2021, and Explanation to clause (A)(b) of Notification No. 38/2021 dt. Apr 27, 2021 are ultra-vires the Income Tax Act, the Finance Act, 2020 and are unconstitutional, liable to be struck down; HC orders that no further action be taken based on the impugned notice; Adjourns the hearing to Aug 2, 2021.
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