https://www.taxtmi.com/caselaws?id=787567 Whether initiation and continuation of assessment under the Fourth Proviso to the ten-year block is permissible hinges on whether the assessing officer's recorded satisfaction is supported by material demonstrating that aggregate escaped income across the relevant years meets the proviso threshold; an ipse dixit satisfaction or quantified assets/income falling below the threshold without supporting reasons fails the statutory precondition. Where the satisfaction note and material quantify aggregate undisclosed assets/income below the threshold and do not fairly indicate the ultimate computation will exceed it, notices for those years are to be quashed while revenue may re-examine if valid reasons are later recorded. en-us Thu, 29 Jan 2026 00:00:00 +0530 Mon, 09 Mar 2026 07:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787567 Whether initiation and continuation of assessment under the Fourth Proviso to the ten-year block is permissible hinges on whether the assessing officer's recorded satisfaction is supported by material demonstrating that aggregate escaped income across the relevant years meets the proviso threshold; an ipse dixit satisfaction or quantified assets/income falling below the threshold without supporting reasons fails the statutory precondition. Where the satisfaction note and material quantify aggregate undisclosed assets/income below the threshold and do not fairly indicate the ultimate computation will exceed it, notices for those years are to be quashed while revenue may re-examine if valid reasons are later recorded. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787567