https://www.taxtmi.com/caselaws?id=796305 Reassessment notices issued beyond three years require cumulative compliance with Section 148 and the extended-limitation conditions under Section 149(1)(b). Material available to the Assessing Officer must reveal income escaping assessment above the prescribed threshold and link that income to an asset, expenditure, or book entry. Recorded reasons must identify seized material relevant to the assessee and document the required satisfaction and prior approval under Explanation 2(iv) to Section 148. Ledger entries of alleged entry providers, without disclosed contents or verification against the assessee's books and tax treatment, do not independently establish escapement of income. Non-compliance renders the notice time-barred and invalidates consequential reassessment proceedings. en-us Tue, 07 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796305 Reassessment notices issued beyond three years require cumulative compliance with Section 148 and the extended-limitation conditions under Section 149(1)(b). Material available to the Assessing Officer must reveal income escaping assessment above the prescribed threshold and link that income to an asset, expenditure, or book entry. Recorded reasons must identify seized material relevant to the assessee and document the required satisfaction and prior approval under Explanation 2(iv) to Section 148. Ledger entries of alleged entry providers, without disclosed contents or verification against the assessee's books and tax treatment, do not independently establish escapement of income. Non-compliance renders the notice time-barred and invalidates consequential reassessment proceedings. Case-Laws Income Tax Tue, 07 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796305