https://www.taxtmi.com/caselaws?id=468121 A reassessment notice was held invalid because the assessee was not given the mandatory minimum of seven days to respond under section 148A(b); the curtailed reply period vitiated the reassessment proceedings. The notice under section 148 was also treated as time-barred under section 149(1)(b) because extended limitation beyond three years and three months applies only where escaped income is fifty lakhs or more, and the amount involved was below that threshold. On these statutory preconditions, the reassessment order was quashed and the appeal succeeded. en-us Fri, 14 Feb 2025 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468121 A reassessment notice was held invalid because the assessee was not given the mandatory minimum of seven days to respond under section 148A(b); the curtailed reply period vitiated the reassessment proceedings. The notice under section 148 was also treated as time-barred under section 149(1)(b) because extended limitation beyond three years and three months applies only where escaped income is fifty lakhs or more, and the amount involved was below that threshold. On these statutory preconditions, the reassessment order was quashed and the appeal succeeded. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468121