https://www.taxtmi.com/caselaws?id=798664 For a search initiated after 1 April 2021, Explanation 2 to section 148 deems the Assessing Officer to have information suggesting income escapement for the three immediately preceding assessment years. Where an assessment year falls within that period, jurisdiction must be assumed through reassessment proceedings under sections 147 and 148. An assessment under section 143(3), without issuing a section 148 notice, lacks jurisdiction and is liable to be quashed. en-us Thu, 13 Aug 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798664 For a search initiated after 1 April 2021, Explanation 2 to section 148 deems the Assessing Officer to have information suggesting income escapement for the three immediately preceding assessment years. Where an assessment year falls within that period, jurisdiction must be assumed through reassessment proceedings under sections 147 and 148. An assessment under section 143(3), without issuing a section 148 notice, lacks jurisdiction and is liable to be quashed. Case-Laws Income Tax Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798664