Rajasthan HC follows Allahabad HC’s decision to quash reassessment notices issued from April to June 2021 following the provisions of old regime of reassessment
This Tax Alert summarizes a recent development where a single-judge bench of the Rajasthan High Court (HC), in the case of Bpip Infra Pvt. Ltd. v. ITO & Others vide its order dated 25 November 2021, while dealing with a bunch of writ petitions, quashed reassessment notices issued from April to June 2021 following the provisions of old regime of reassessment. In doing so, the Rajasthan HC relied substantially on the ratio laid down by the Allahabad HC in the case of Ashok Kumar Agarwal v. Union of India (UOI) & Others
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