https://www.taxtmi.com/caselaws?id=770345 The ITAT Delhi quashed a reopening notice issued u/s 148 for lack of jurisdiction on two grounds. First, under amended section 149(1)(b) effective from 01.04.2022, notices beyond three years require escaped income of Rs. 50 lakh or more, but the case involved only Rs. 17.80 lakhs. Second, per CBDT instruction 1/2011, jurisdiction for assessees with declared income of Rs. 77.36 lakhs lies with ACIT, not ITO who issued the notice. The additional ground raised by the assessee was allowed. en-us Wed, 07 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770345 The ITAT Delhi quashed a reopening notice issued u/s 148 for lack of jurisdiction on two grounds. First, under amended section 149(1)(b) effective from 01.04.2022, notices beyond three years require escaped income of Rs. 50 lakh or more, but the case involved only Rs. 17.80 lakhs. Second, per CBDT instruction 1/2011, jurisdiction for assessees with declared income of Rs. 77.36 lakhs lies with ACIT, not ITO who issued the notice. The additional ground raised by the assessee was allowed. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770345