https://www.taxtmi.com/caselaws?id=471007 Reassessment notices issued after the applicable three-year limitation period may be sustained only where the alleged escaped income, represented in the prescribed form, meets the statutory threshold for extended limitation. Alleged escaped income below that threshold cannot support a notice under the amended reassessment regime after expiry of the ordinary limitation period. Where the alleged income was below the prescribed threshold, the reassessment notice was invalid and the consequential reassessment order was quashed. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 22:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471007 Reassessment notices issued after the applicable three-year limitation period may be sustained only where the alleged escaped income, represented in the prescribed form, meets the statutory threshold for extended limitation. Alleged escaped income below that threshold cannot support a notice under the amended reassessment regime after expiry of the ordinary limitation period. Where the alleged income was below the prescribed threshold, the reassessment notice was invalid and the consequential reassessment order was quashed. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471007