https://www.taxtmi.com/forum/issue?id=118999 Proceedings arise from a show-cause notice for non-filing of return based on Form 26AS; the key question is whether reassessment is time-barred. Reassessment notices are barred by the general limitation unless the Assessing Officer had books, documents or other evidence showing escaped income meeting the statutory threshold that extends limitation. If escaped income is below the threshold, the three-year limitation applies and a time-bar defence should be raised in response to the show-cause notice. en-us Fri, 23 Feb 2024 10:16:18 +0530 Fri, 24 Jan 2025 10:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118999 Proceedings arise from a show-cause notice for non-filing of return based on Form 26AS; the key question is whether reassessment is time-barred. Reassessment notices are barred by the general limitation unless the Assessing Officer had books, documents or other evidence showing escaped income meeting the statutory threshold that extends limitation. If escaped income is below the threshold, the three-year limitation applies and a time-bar defence should be raised in response to the show-cause notice. Discussion-Forum Income Tax Fri, 23 Feb 2024 10:16:18 +0530 https://www.taxtmi.com/forum/issue?id=118999