https://www.taxtmi.com/caselaws?id=464461 HC held that the limitation in s.149 for issuance of notice under s.148 is three years except where escaped tax exceeds Rs.50 lakhs. Here the total assessment was ~Rs.31 lakhs and demand ~Rs.19 lakhs, so the ten-year limb did not apply. The post-2021 procedure under s.148A (requiring disclosure of material and opportunity before issuing s.148 notice) was not complied with; the SC's remedial directions to supply material within 30 days were ignored and the s.148A notice was issued belatedly. Re-assessment under s.148 was therefore disallowed. en-us Mon, 06 May 2024 00:00:00 +0530 Thu, 30 Oct 2025 20:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464461 HC held that the limitation in s.149 for issuance of notice under s.148 is three years except where escaped tax exceeds Rs.50 lakhs. Here the total assessment was ~Rs.31 lakhs and demand ~Rs.19 lakhs, so the ten-year limb did not apply. The post-2021 procedure under s.148A (requiring disclosure of material and opportunity before issuing s.148 notice) was not complied with; the SC's remedial directions to supply material within 30 days were ignored and the s.148A notice was issued belatedly. Re-assessment under s.148 was therefore disallowed. Case-Laws Income Tax Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464461