https://www.taxtmi.com/caselaws?id=796583 Reassessment notices issued beyond three years require material showing escaped income, represented in prescribed forms, meeting the statutory threshold. The article explains that housing-finance loan disbursement records and builder receipts established that most property consideration came from a housing loan, while subsequent scrutiny concerned only smaller loans from relatives. As the remaining source requiring examination was below the threshold, the article states that the delayed reassessment notice was time-barred and the consequential reassessment order was quashed. en-us Fri, 30 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796583 Reassessment notices issued beyond three years require material showing escaped income, represented in prescribed forms, meeting the statutory threshold. The article explains that housing-finance loan disbursement records and builder receipts established that most property consideration came from a housing loan, while subsequent scrutiny concerned only smaller loans from relatives. As the remaining source requiring examination was below the threshold, the article states that the delayed reassessment notice was time-barred and the consequential reassessment order was quashed. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796583