https://www.taxtmi.com/highlights?id=87761 HC held that the Assessing Officer (AO) erroneously issued notices under Section 148 by aggregating alleged escaped income across multiple financial years 2016-17, 2017-18, and 2018-19. The court determined that the threshold limit of Rs. 50 lakhs cannot be calculated by cumulating income from different assessment years. The notices were time-barred under Section 149(1) as there was no singular event spanning multiple years. Consequently, the HC set aside the impugned notices and subsequent proceedings, finding that the AO's approach of combining escaped income from different years was impermissible under tax law. en-us Fri, 25 Apr 2025 08:53:57 +0530 Fri, 25 Apr 2025 08:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87761 HC held that the Assessing Officer (AO) erroneously issued notices under Section 148 by aggregating alleged escaped income across multiple financial years 2016-17, 2017-18, and 2018-19. The court determined that the threshold limit of Rs. 50 lakhs cannot be calculated by cumulating income from different assessment years. The notices were time-barred under Section 149(1) as there was no singular event spanning multiple years. Consequently, the HC set aside the impugned notices and subsequent proceedings, finding that the AO's approach of combining escaped income from different years was impermissible under tax law. Highlights Income Tax Fri, 25 Apr 2025 08:53:57 +0530 https://www.taxtmi.com/highlights?id=87761