https://www.taxtmi.com/caselaws?id=784175 HC held that reassessment proceedings initiated by notices under s.153C for AY 2014-15 were barred because the respondent sought to invoke the extended ten-year period despite alleged income escapement being below the statutory threshold of Rs.50,00,000. Since the recorded escapement was only Rs.26,00,000, the precondition for action beyond the normal limitation was not satisfied. Consequently, the impugned s.153C notices were quashed and set aside. en-us Mon, 10 Nov 2025 00:00:00 +0530 Tue, 30 Dec 2025 09:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784175 HC held that reassessment proceedings initiated by notices under s.153C for AY 2014-15 were barred because the respondent sought to invoke the extended ten-year period despite alleged income escapement being below the statutory threshold of Rs.50,00,000. Since the recorded escapement was only Rs.26,00,000, the precondition for action beyond the normal limitation was not satisfied. Consequently, the impugned s.153C notices were quashed and set aside. Case-Laws Income Tax Mon, 10 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784175