https://www.taxtmi.com/caselaws?id=276214 A reassessment notice issued beyond eight years was invalid because the statutory safeguards in the proviso to section 34(1) were not satisfied. The escaped income was below the prescribed monetary threshold, and the Central Board of Revenue had not considered or recorded satisfaction that the case was fit for notice after the limitation period. A purported direction in an appellate order did not override those mandatory conditions. The notice was therefore unsustainable, and the assessee's challenge succeeded. en-us Tue, 01 Apr 1958 00:00:00 +0530 Fri, 02 Nov 2018 11:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276214 A reassessment notice issued beyond eight years was invalid because the statutory safeguards in the proviso to section 34(1) were not satisfied. The escaped income was below the prescribed monetary threshold, and the Central Board of Revenue had not considered or recorded satisfaction that the case was fit for notice after the limitation period. A purported direction in an appellate order did not override those mandatory conditions. The notice was therefore unsustainable, and the assessee's challenge succeeded. Case-Laws Income Tax Tue, 01 Apr 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276214