https://www.taxtmi.com/caselaws?id=791122 Under the new reassessment regime, the Tribunal held that the reassessment notice and consequential order were jurisdictionally defective because the escaped income did not meet the threshold for extended limitation and the required prior approval under section 151 was not obtained. The statutory conditions governing limitation and sanction were therefore not satisfied, rendering the reopening invalid. As the reassessment itself was unsustainable, the consequential assessment order could not survive and was quashed as bad in law. en-us Thu, 30 Apr 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791122 Under the new reassessment regime, the Tribunal held that the reassessment notice and consequential order were jurisdictionally defective because the escaped income did not meet the threshold for extended limitation and the required prior approval under section 151 was not obtained. The statutory conditions governing limitation and sanction were therefore not satisfied, rendering the reopening invalid. As the reassessment itself was unsustainable, the consequential assessment order could not survive and was quashed as bad in law. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791122