https://www.taxtmi.com/caselaws?id=467827 A reopening notice issued beyond three years from the end of the relevant assessment year is without jurisdiction unless the escaped income meets the monetary threshold under the amended reopening scheme. Because the income recorded in the reassessment proceedings was below the prescribed limit, the Assessing Officer lacked authority to issue notice under section 148, and the reassessment based on that notice could not stand. The reassessment was therefore annulled on limitation and jurisdictional grounds, and the Revenue's challenge failed. en-us Fri, 14 Nov 2025 00:00:00 +0530 Sat, 04 Apr 2026 15:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467827 A reopening notice issued beyond three years from the end of the relevant assessment year is without jurisdiction unless the escaped income meets the monetary threshold under the amended reopening scheme. Because the income recorded in the reassessment proceedings was below the prescribed limit, the Assessing Officer lacked authority to issue notice under section 148, and the reassessment based on that notice could not stand. The reassessment was therefore annulled on limitation and jurisdictional grounds, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467827