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can an assistant professor in india practise as a lawyer, after the notification regarding the same?
No. As a lawyer, you can taking classes as a Guest Faculty, but BCI rules don't allow for practicing lawyers to be fully employed.
Ye sab rules general public ke liye hote hai.

We're lawyers.
Lawyers do everything with legal practice. Go for it.
No. But it's better to do it the other way round. Work as an advocate and join as a guest lecturer or better as a "professor of practice".
No, the assistant professors are employees and employees can't practice. A practicing advocate can become a professor of practice.