https://www.taxtmi.com/caselaws?id=786665 Reassessment notices issued beyond three years under the post-Finance Act 2021 regime must comply with the time-limit and prior-sanction requirements in section 151. Where alleged escaped income is below the prescribed threshold, a notice cannot be issued after three years; where issuance is otherwise permissible beyond that period, approval must come from the higher specified authority rather than a Principal Commissioner. Approval by an authority below the required level affects the Assessing Officer's jurisdiction. The section 148 notice was therefore invalid, and the resulting reassessment proceedings were quashed. en-us Fri, 13 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786665 Reassessment notices issued beyond three years under the post-Finance Act 2021 regime must comply with the time-limit and prior-sanction requirements in section 151. Where alleged escaped income is below the prescribed threshold, a notice cannot be issued after three years; where issuance is otherwise permissible beyond that period, approval must come from the higher specified authority rather than a Principal Commissioner. Approval by an authority below the required level affects the Assessing Officer's jurisdiction. The section 148 notice was therefore invalid, and the resulting reassessment proceedings were quashed. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786665