https://www.taxtmi.com/caselaws?id=461781 ITAT Pune held that reassessment notice u/s 148 issued after 01.04.2021 was valid despite being beyond original four-year limitation period. Following SC judgment in Rajeev Bansal, amended provisions applied with three-year limit for escaped income under Rs. 50 lakhs. AO properly issued notice on 29.07.2022 within prescribed timeline after receiving assessee's reply. Regarding addition u/s 69A, matter was restored to AO for verification of tax payments made under different PAN numbers for Income Declaration Scheme eligibility, as assessee had deposited required amount but across two PAN numbers. en-us Wed, 04 Dec 2024 00:00:00 +0530 Mon, 28 Apr 2025 19:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461781 ITAT Pune held that reassessment notice u/s 148 issued after 01.04.2021 was valid despite being beyond original four-year limitation period. Following SC judgment in Rajeev Bansal, amended provisions applied with three-year limit for escaped income under Rs. 50 lakhs. AO properly issued notice on 29.07.2022 within prescribed timeline after receiving assessee's reply. Regarding addition u/s 69A, matter was restored to AO for verification of tax payments made under different PAN numbers for Income Declaration Scheme eligibility, as assessee had deposited required amount but across two PAN numbers. Case-Laws Income Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461781