News & Media 4th Oct 2024
In a setback for taxpayers, the Supreme Court upheld around 90,000 tax reassessment notices issued by the revenue department between 1 April and 30 June 2021, for assessment years 2013-14 to 2017-18. Taxpayers had challenged these notices, arguing they should fall under the new reassessment regime that took effect on 1 April 2021, during the covid pandemic.
In this context, our Partner Mitesh Jain talks to Krishna Yadav from LiveMint the column, “Supreme Court upholds 90,000 tax reassessment notices issued under old regime”.
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