Delhi HC strikes down Explanation to CBDT Notifications for Re-Assessment after 31st March 2021, Quashes Notices [Read Order]

Delhi High Court - CBDT Notifications - Re-Assessment - Taxscan

In a significant ruling, a division bench of the Delhi High Court comprising Mr. Justice Manmohan and Mr. Justice Dinesh Kumar Sharma has struck down the Explanations A(a)(ii)/A(b) to the Notifications dated 31st March, 2021 and 27th April, 2021 declaring the same as ultravires. The Finance Act, 2021 introduced a new set of reassessment proceedings…

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