https://www.taxtmi.com/caselaws?id=471481 Reassessment notices issued beyond three years from the end of the relevant assessment year required alleged escaped income to meet the applicable statutory threshold. For AY 2016-17, alleged escaped income of Rs. 2,03,816 was below Rs. 50 lakh. The notice issued on 27 July 2022 was therefore time-barred, reassessment jurisdiction was invalid, and the consequential addition was quashed. en-us Fri, 06 Mar 2026 00:00:00 +0530 Thu, 03 Sep 2026 18:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471481 Reassessment notices issued beyond three years from the end of the relevant assessment year required alleged escaped income to meet the applicable statutory threshold. For AY 2016-17, alleged escaped income of Rs. 2,03,816 was below Rs. 50 lakh. The notice issued on 27 July 2022 was therefore time-barred, reassessment jurisdiction was invalid, and the consequential addition was quashed. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471481