https://www.taxtmi.com/caselaws?id=466693 Reopening notices under the new regime must be tested against the limitation rules and the escaped-income threshold, with TOLA's application after 1 April 2021 to be considered in light of the Supreme Court ruling in Rajeev Bansal. The High Court directed the assessing officer to re-examine reopening cases accordingly and to drop cases where the escaped assessment is below the Rs. 50 lakh threshold, as reflected in the revenue's position before the Supreme Court. This exercise must be completed within two months and communicated through the faceless regime under Section 144-B. en-us Sat, 19 Oct 2024 00:00:00 +0530 Mon, 16 Feb 2026 20:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466693 Reopening notices under the new regime must be tested against the limitation rules and the escaped-income threshold, with TOLA's application after 1 April 2021 to be considered in light of the Supreme Court ruling in Rajeev Bansal. The High Court directed the assessing officer to re-examine reopening cases accordingly and to drop cases where the escaped assessment is below the Rs. 50 lakh threshold, as reflected in the revenue's position before the Supreme Court. This exercise must be completed within two months and communicated through the faceless regime under Section 144-B. Case-Laws Income Tax Sat, 19 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466693