Held, that since the disputes pertained to the assessment years 2016-17 and 2017-18, the proviso to section\u00a0149(1)\u00a0applied to the cases. As a consequence, the time limit specified in the preamended section\u00a0149(1)(b)\u00a0was applicable and the time limit prescribed therein was four years and not more than six years. Clause\u00a0(ii)\u00a0of section\u00a0151\u00a0was applicable and, in terms thereof, the specified authorities were the Principal Chief Commissioner or Principal Director General or Chief Commissioner or Director General. The orders under section\u00a0148A(d)\u00a0were issued with the prior approval of the Commissioner (International Taxation). The validity of sanction for issuing the orders under section\u00a0148A(d)\u00a0and the notices under section\u00a0148\u00a0should be tested with reference to amended section\u00a0151. If so tested, it was evident that sanction was not granted by an authority specified under clause\u00a0(ii)\u00a0of section\u00a0151. Hence, the orders under section\u00a0148A(d)\u00a0and the notices under section\u00a0148\u00a0were liable to be quashed. As a corollary, the draft assessment orders under section\u00a0144B\u00a0\/\u00a0144C\u00a0could not survive and had also to be quashed.\u00a0 Finance Act, 2021 ([2021] 432 ITR (St.) 52) (AY.2016-17, 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Amendment of Section 151 with effect from 1-4-2021-Issue of notice in respect Of Assessment years 2016-17 and 2017-18 notice is not valid-Interpretation of taxing statutes-Proviso. [S. 147, 148,149(1), 151, Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-47633","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-coh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=47633"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47633\/revisions"}],"predecessor-version":[{"id":55872,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47633\/revisions\/55872"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}