https://www.taxtmi.com/caselaws?id=792576 Reassessment initiated after three years from the end of assessment year 2017-18, where the alleged escaped income was only Rs. 5,00,000, was outside the statutory threshold under section 149(1)(b) of the Income-tax Act, 1961. On that basis, approval under section 151, having been granted for an inapplicable reopening regime, was treated as invalid and unsustainable. As a result, the proceedings under section 147 and the order under section 148A(d) could not survive, and the reassessment was quashed on jurisdictional grounds, with other issues left unexamined. en-us Wed, 27 May 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792576 Reassessment initiated after three years from the end of assessment year 2017-18, where the alleged escaped income was only Rs. 5,00,000, was outside the statutory threshold under section 149(1)(b) of the Income-tax Act, 1961. On that basis, approval under section 151, having been granted for an inapplicable reopening regime, was treated as invalid and unsustainable. As a result, the proceedings under section 147 and the order under section 148A(d) could not survive, and the reassessment was quashed on jurisdictional grounds, with other issues left unexamined. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792576