https://www.taxtmi.com/caselaws?id=785184 Amended limitation provisions require that a notice issued beyond three years from the end of the relevant assessment year is permissible only where escapement of income exceeds the specified threshold. The notices issued in the present matter were beyond three years and the escapement amounts were substantially below the threshold; consequently the reopening notices were invalid and the assumption of jurisdiction for reassessment was defective, resulting in quashing of the reassessment proceedings and allowance of the taxpayer's appeals. en-us Mon, 15 Dec 2025 00:00:00 +0530 Mon, 19 Jan 2026 07:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785184 Amended limitation provisions require that a notice issued beyond three years from the end of the relevant assessment year is permissible only where escapement of income exceeds the specified threshold. The notices issued in the present matter were beyond three years and the escapement amounts were substantially below the threshold; consequently the reopening notices were invalid and the assumption of jurisdiction for reassessment was defective, resulting in quashing of the reassessment proceedings and allowance of the taxpayer's appeals. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785184