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. Housing-finance loan disbursement records and builder receipts established that substantial property consideration came from a housing loan, but the order initiating reassessment disregarded that evidence. Subsequent scrutiny examined only loans from relatives and did not dispute the housing loan, leaving the balance amount requiring examination below the statutory threshold. The reassessment notice was therefore 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. Housing-finance loan disbursement records and builder receipts established that substantial property consideration came from a housing loan, but the order initiating reassessment disregarded that evidence. Subsequent scrutiny examined only loans from relatives and did not dispute the housing loan, leaving the balance amount requiring examination below the statutory threshold. The reassessment notice was therefore 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