https://www.taxtmi.com/caselaws?id=787781 The new-regime prior-sanction requirement mandates that notices under section 148 issued beyond three years after the end of the assessment year must be approved by the higher specified authority linked to the elapsed time and alleged escaped income; where approval is given by a lower authority, the statutory sanction is absent and the notice is time-barred. Applying that principle, a reassessment notice issued after three years with alleged escaped income below the threshold was sanctioned by a Principal Commissioner rather than the higher-authority specified, rendering the notice invalid and the reassessment proceedings quashed. en-us Fri, 13 Feb 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787781 The new-regime prior-sanction requirement mandates that notices under section 148 issued beyond three years after the end of the assessment year must be approved by the higher specified authority linked to the elapsed time and alleged escaped income; where approval is given by a lower authority, the statutory sanction is absent and the notice is time-barred. Applying that principle, a reassessment notice issued after three years with alleged escaped income below the threshold was sanctioned by a Principal Commissioner rather than the higher-authority specified, rendering the notice invalid and the reassessment proceedings quashed. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787781