https://www.taxtmi.com/caselaws?id=463039 Reassessment under Section 148A(b) was impermissible where the notice disclosed escaped income below the statutory threshold of Rs. 50 lakhs and the proposed reopening was initiated beyond three years from the end of the relevant assessment year. The Court held that Section 149(1)(a) barred such reopening in these circumstances, and the order under Section 148A(d) could not be sustained. The reassessment initiation was therefore without jurisdiction and was quashed. en-us Thu, 25 Aug 2022 00:00:00 +0530 Fri, 01 Aug 2025 22:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463039 Reassessment under Section 148A(b) was impermissible where the notice disclosed escaped income below the statutory threshold of Rs. 50 lakhs and the proposed reopening was initiated beyond three years from the end of the relevant assessment year. The Court held that Section 149(1)(a) barred such reopening in these circumstances, and the order under Section 148A(d) could not be sustained. The reassessment initiation was therefore without jurisdiction and was quashed. Case-Laws Income Tax Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463039