https://www.taxtmi.com/caselaws?id=471475 Reassessment notices issued beyond three years require the alleged escaped income to meet the prescribed monetary threshold for extended limitation. Where the recorded escaped income for Assessment Year 2017-18 was below Rs. 50 lakh, the extended period was unavailable. The notice issued under Section 148 was therefore invalid, and the consequential reassessment could not stand. en-us Thu, 15 May 2025 00:00:00 +0530 Thu, 03 Sep 2026 18:27:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471475 Reassessment notices issued beyond three years require the alleged escaped income to meet the prescribed monetary threshold for extended limitation. Where the recorded escaped income for Assessment Year 2017-18 was below Rs. 50 lakh, the extended period was unavailable. The notice issued under Section 148 was therefore invalid, and the consequential reassessment could not stand. Case-Laws Income Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471475