Income-tax Reassessment after 1 April 2021: SC’s Final Word (Ashish Agarwal Case)
The Supreme Court in Union of India v. Ashish Agarwal (2022) settled the controversy surrounding income-tax reassessment notices issued after 1 April 2021. This article explains the new reassessment law, section 148A procedure, limitation under section 149, and the impact of the judgment.