https://www.taxtmi.com/caselaws?id=467767 For initiating reassessment under Section 148, the statutory monetary threshold operates as a jurisdictional trigger based on provisional satisfaction and recorded material, not as a condition that must be conclusively proved at the notice stage. The assessment at initiation is provisional, and the final quantum of escaped income may emerge only during reassessment. The notice is therefore not invalid merely because the eventual addition is estimated to be below the threshold. The Delhi HC accordingly upheld the Section 148 notice and rejected the challenge to reassessment. en-us Thu, 25 Jul 2024 00:00:00 +0530 Tue, 31 Mar 2026 17:30:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467767 For initiating reassessment under Section 148, the statutory monetary threshold operates as a jurisdictional trigger based on provisional satisfaction and recorded material, not as a condition that must be conclusively proved at the notice stage. The assessment at initiation is provisional, and the final quantum of escaped income may emerge only during reassessment. The notice is therefore not invalid merely because the eventual addition is estimated to be below the threshold. The Delhi HC accordingly upheld the Section 148 notice and rejected the challenge to reassessment. Case-Laws Income Tax Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467767