https://www.taxtmi.com/caselaws?id=792224 Reassessment proceedings must conform to the amended limitation regime under Section 149 of the Income-tax Act, 1961. Notices issued beyond three years from the end of the relevant assessment year are without jurisdiction unless the extended condition in Section 149(1)(b) is met. For Assessment Year 2015-16, the record did not show escaped income of Rs. 50,00,000 or more, so the extended period was unavailable. The show-cause notice under Section 148A(b), the order under Section 148A(d), and the notice under Section 148 were therefore quashed and set aside. en-us Thu, 21 May 2026 00:00:00 +0530 Mon, 25 May 2026 10:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792224 Reassessment proceedings must conform to the amended limitation regime under Section 149 of the Income-tax Act, 1961. Notices issued beyond three years from the end of the relevant assessment year are without jurisdiction unless the extended condition in Section 149(1)(b) is met. For Assessment Year 2015-16, the record did not show escaped income of Rs. 50,00,000 or more, so the extended period was unavailable. The show-cause notice under Section 148A(b), the order under Section 148A(d), and the notice under Section 148 were therefore quashed and set aside. Case-Laws Income Tax Thu, 21 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792224