https://www.taxtmi.com/caselaws?id=781254 ITAT, Kolkata held the reassessment invalid where notice under section 148 was issued over six years after the end of the relevant AY. The tribunal found the assessed escapement was only Rs. 16,27,546, below the Rs. 50 lakh threshold in section 149(1)(b), so reopening beyond the six-year period violated the Act. The order of the lower authority was set aside, the section 148 notice quashed, and the taxpayer's appeal allowed. en-us Tue, 09 Sep 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781254 ITAT, Kolkata held the reassessment invalid where notice under section 148 was issued over six years after the end of the relevant AY. The tribunal found the assessed escapement was only Rs. 16,27,546, below the Rs. 50 lakh threshold in section 149(1)(b), so reopening beyond the six-year period violated the Act. The order of the lower authority was set aside, the section 148 notice quashed, and the taxpayer's appeal allowed. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781254