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of <h1>CBDT Directive: No Section 148 Notices for Escaped Tax Below INR 250 (4 Years) or INR 500 (8 Years)</h1> The Central Board of Direct Taxes (CBDT) has issued a directive regarding the reassessment or recomputation of income tax under section 147 of the Income-tax Act, 1961. The directive states that Income-tax Officers are prohibited from issuing notices under section 148 if the tax that has escaped assessment is less than INR 250 within four years from the end of the relevant assessment year, or less than INR 500 after four years but before eight years from the end of the relevant assessment year. This order is effective from February 15, 1982.
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