https://www.taxtmi.com/caselaws?id=791946 Reassessment beyond three years and up to ten years under section 149(1)(b) depends on the jurisdictional pre-condition of recorded reasons to believe and escapement of income in the form of an asset, including a receivable, read with the fourth proviso to section 153A. The material also highlights the need for year-specific reasons for reassessment. The Supreme Court found no good ground to interfere with the High Court's judgment, dismissed the special leave petition, and kept all contentions open for the re-assessment proceedings. en-us Fri, 15 May 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791946 Reassessment beyond three years and up to ten years under section 149(1)(b) depends on the jurisdictional pre-condition of recorded reasons to believe and escapement of income in the form of an asset, including a receivable, read with the fourth proviso to section 153A. The material also highlights the need for year-specific reasons for reassessment. The Supreme Court found no good ground to interfere with the High Court's judgment, dismissed the special leave petition, and kept all contentions open for the re-assessment proceedings. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791946