https://www.taxtmi.com/caselaws?id=786665 The article addresses validity of a reassessment notice issued under section 148 after the three-year period and explains that the amended procedure requires prior sanction from a higher specified authority where notices are issued beyond three years and the escaped income threshold is exceeded. It reasons that because the alleged escaped income fell below the higher threshold yet the notice was issued beyond three years without the requisite higher-level sanction, the issuing officer lacked jurisdiction and the notice is invalid; consequently the reassessment proceedings founded on that notice are quashed, favouring the assessee. 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 The article addresses validity of a reassessment notice issued under section 148 after the three-year period and explains that the amended procedure requires prior sanction from a higher specified authority where notices are issued beyond three years and the escaped income threshold is exceeded. It reasons that because the alleged escaped income fell below the higher threshold yet the notice was issued beyond three years without the requisite higher-level sanction, the issuing officer lacked jurisdiction and the notice is invalid; consequently the reassessment proceedings founded on that notice are quashed, favouring the assessee. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786665