Supreme court tax reassessments

SC upholds 90,000 tax reassessment notices issued under old regime

TheSpuzz Desk3 months ago05 mins

Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 11:27 PM IST The Supreme Court (SC) on Thursday upheld the position of the Revenue Department in a reassessment dispute case that may adversely impact more than 90,000 assessees who received tax notices in April-June 2021 under the old reassessment regime….

SC upholds I-T dept’s tax notices; ruling allows it to go beyond 3-yr rule

TheSpuzz Desk3 months ago05 mins

Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 10:33 PM IST The Supreme Court (SC) on Thursday upheld the position of the Revenue Department in a reassessment dispute case that may adversely impact more than 90,000 assessees who received tax notices in April-June 2021 under the old reassessment regime….