https://www.taxtmi.com/caselaws?id=471474 Reassessment limitation for assessment year 2017-18 expired on 30 June 2021. The deemed-notice procedure could not extend the surviving limitation period under the new reassessment regime. For reopening beyond three years, the extended period also required alleged escaped income in the prescribed form to meet the applicable threshold; alleged escaped income did not meet that requirement. The Section 148 notice issued on 29 July 2022 was therefore invalid, and the consequential reassessment was quashed. Grounds challenging additions on merits became infructuous. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 03 Sep 2026 17:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471474 Reassessment limitation for assessment year 2017-18 expired on 30 June 2021. The deemed-notice procedure could not extend the surviving limitation period under the new reassessment regime. For reopening beyond three years, the extended period also required alleged escaped income in the prescribed form to meet the applicable threshold; alleged escaped income did not meet that requirement. The Section 148 notice issued on 29 July 2022 was therefore invalid, and the consequential reassessment was quashed. Grounds challenging additions on merits became infructuous. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471474