Supreme Court Ruling: TOLA Prevails Over Income Tax Act Regarding Reassessment Notices
In a landmark decision, the Supreme Court of India has ruled that the provisions under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TOLA) take precedence over the Income Tax Act concerning the timelines for issuing reassessment notices. This ruling is poised to have significant implications for tax compliance and […]
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