https://www.taxtmi.com/caselaws?id=461627 The MP HC upheld the AO's notice under Section 148 for reopening assessment beyond three years. The court established that notices cannot be issued after three years from the assessment year's end unless escaped income exceeds fifty lacs rupees, with a maximum ten-year limit. Section 148A procedural requirements must be followed, requiring specified authority approval and providing assessee opportunity to respond. The court declined to interfere at the premature stage before statutory proceedings conclude, noting that veracity of evidence suggesting escaped assessment should not be examined under writ jurisdiction. en-us Wed, 29 Nov 2023 00:00:00 +0530 Thu, 17 Apr 2025 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461627 The MP HC upheld the AO's notice under Section 148 for reopening assessment beyond three years. The court established that notices cannot be issued after three years from the assessment year's end unless escaped income exceeds fifty lacs rupees, with a maximum ten-year limit. Section 148A procedural requirements must be followed, requiring specified authority approval and providing assessee opportunity to respond. The court declined to interfere at the premature stage before statutory proceedings conclude, noting that veracity of evidence suggesting escaped assessment should not be examined under writ jurisdiction. Case-Laws Income Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461627