https://www.taxtmi.com/acts?id=40516 Amendment restricts reassessment notices after the ordinary three year limit except where the Assessing Officer has books, documents or evidence showing that income represented as an asset, expenditure related to a transaction or event, or accounting entries that escaped assessment meet the prescribed substantial threshold, permitting issuance of notices within the extended period; it also requires separate reassessment notices for each prior year when such investments or expenditures span multiple years. en-us Tue, 01 Feb 2022 15:41:54 +0530 Tue, 01 Feb 2022 15:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40516 Amendment restricts reassessment notices after the ordinary three year limit except where the Assessing Officer has books, documents or evidence showing that income represented as an asset, expenditure related to a transaction or event, or accounting entries that escaped assessment meet the prescribed substantial threshold, permitting issuance of notices within the extended period; it also requires separate reassessment notices for each prior year when such investments or expenditures span multiple years. Act-Rules Bills Tue, 01 Feb 2022 15:41:54 +0530 https://www.taxtmi.com/acts?id=40516