https://www.taxtmi.com/caselaws?id=789260 Extended reassessment limitation applies only where, when issuing notice, the Assessing Officer possesses books, documents or evidence that prima facie show escaped income represented in the form of an asset meeting the statutory threshold. Validity is determined from the material available at initiation, not from income ultimately assessed. Information regarding substantial cash withdrawals and non-filing of the relevant return may constitute tangible material supporting a prima facie belief that the threshold is met. A subsequent assessment below the threshold does not retrospectively invalidate the notice where the jurisdictional condition was supported at the notice stage. en-us Thu, 26 Feb 2026 00:00:00 +0530 Fri, 03 Apr 2026 18:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789260 Extended reassessment limitation applies only where, when issuing notice, the Assessing Officer possesses books, documents or evidence that prima facie show escaped income represented in the form of an asset meeting the statutory threshold. Validity is determined from the material available at initiation, not from income ultimately assessed. Information regarding substantial cash withdrawals and non-filing of the relevant return may constitute tangible material supporting a prima facie belief that the threshold is met. A subsequent assessment below the threshold does not retrospectively invalidate the notice where the jurisdictional condition was supported at the notice stage. Case-Laws Income Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789260