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of <h1>Strict Time Limits on Issuing Notices Under Sections 280 and 281 for Tax Assessments with Exceptions for Large Escaped Income</h1> No notice under section 280 for assessment can be issued after four years and three months from the end of the relevant tax year, except when the delay is between four years three months and six years three months and the tax officer possesses evidence indicating escaped income of fifty lakh rupees or more. Similarly, no show cause notice under section 281 can be issued after four years from the end of the relevant tax year, unless the escaped income is fifty lakh rupees or more within a period not exceeding six years. Additionally, no notices under sections 280 or 281 may be issued within one year from the end of any tax year. These provisions set strict time limits on issuing notices for tax assessments and ensure exceptions only for substantial escaped income cases.
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