Income Taxpayers Will Face the Heat of Reassessment!

The income tax department had issued notices u/s 148 for reassessment proceedings. CBDT's notification No. 20/2021, dated 31-03-2021extended the last for issuance of notice u/s 148 upto 30.06.2021. The Assesses challenged the validity of such notices in High Courts and relief was granted to Assesses to which Special Leave Petition was filed by CBDT.

source https://www.caclubindia.com/articles/income-taxpayers-will-face-heat-of-reassessment-47131.asp