[Income Tax Act] Bombay High Court quashes tax reassessment notices issued to Tata communications, others

“Notices issued under Section 148 of the Act after April 1, 2021 must comply with the amended provisions of law and cannot be sustained on the basis of the erstwhile provision,” the Bench led by Justice KR Shriram held.
Bombay High Court
Bombay High Court

The Bombay High Court on Tuesday quashed and set aside the notices against Tata Communications Transformation Services and other companies for income tax reassessment proceedings under Section 148 under the Income Tax Act (IT Act) initiated after April 1, 2021 [Tata Communications Transformation Services Ltd. v. Asst. Commissioner of IT & Ors and connected writs]

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