The Supreme Court on Wednesday ruled in favour of the Income Tax Department regarding the re-assessment controversy. It held that all notices issued under old Section 148 will be deemed to have been issued under Section. 148A.

A division bench of Justices M R Shah and B V Nagarathna said “the present order shall be applicable PAN INDIA and all judgments and orders passed by different High Courts on the issue and under which similar notices which were issued after 01.04.2021 issued under section 148 of the Act are set aside and shall be governed by the present order and shall stand modified to the aforesaid extent.”

Source: https://www.thehindubusinessline.com/economy/supreme-court-holds-income-tax-re-assessment-order-issued-under-section-148-as-valid/article65380963.ece