https://www.taxtmi.com/caselaws?id=793551 Reassessment jurisdiction beyond the normal limitation period must rest on the income quantified in the recorded reasons, and the extended period under Section 149(1)(b) applies only if that material itself shows escaped income of at least the statutory threshold. Here, the notice under Section 148 for AY 2020-21 was issued after the normal time limit and was therefore barred by limitation under Section 149(1)(a). The recorded quantification did not meet the threshold for Section 149(1)(b), as the amounts noted totalled less than the required limit, so the extended period was unavailable. The notice, the Section 148A(3) order, and consequential proceedings were quashed. en-us Fri, 12 Jun 2026 00:00:00 +0530 Thu, 18 Jun 2026 08:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793551 Reassessment jurisdiction beyond the normal limitation period must rest on the income quantified in the recorded reasons, and the extended period under Section 149(1)(b) applies only if that material itself shows escaped income of at least the statutory threshold. Here, the notice under Section 148 for AY 2020-21 was issued after the normal time limit and was therefore barred by limitation under Section 149(1)(a). The recorded quantification did not meet the threshold for Section 149(1)(b), as the amounts noted totalled less than the required limit, so the extended period was unavailable. The notice, the Section 148A(3) order, and consequential proceedings were quashed. Case-Laws Income Tax Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793551