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of <h1>Impugned Order Under Section 148A(d) Quashed for Lack of Jurisdiction and Delay Beyond Three Years</h1> <h3>Subhra Basu Versus Union of India & Ors.</h3> Subhra Basu Versus Union of India & Ors. - TMI The Calcutta High Court, in WPA No.18828 of 2022, addressed a challenge to the impugned order dated 20th July 2022 under Section 148A(d) of the Income Tax Act, 1961, concerning assessment year 2017-18. The petitioner contended that the reassessment was without jurisdiction and violated Section 149(1)(a), which prohibits reopening assessments beyond three years if escaped income does not exceed Rs. 50 lakhs. The assessing officer's notice under Section 148A(b) recorded escaped income of Rs. 22,66,575/-, below the Rs. 50 lakhs threshold. The respondent failed to justify the reassessment. The Court held that reopening was impermissible and accordingly quashed the reassessment proceedings, disposing of the petition.
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