https://www.taxtmi.com/caselaws?id=800025 Search-related reassessment for AY 2024-25 may be initiated under section 148 without using section 153C or the section 148A(1) procedure. Where seized cash was disclosed as cash sales, adjusted against tax liability in earlier appellate proceedings, and accepted by the same Assessing Officer as belonging to the taxpayer, its treatment as deemed information of escaped income raises a jurisdictional issue. A notice that neither refers to the cash nor states the jurisdictional facts supporting escaped income requires examination. Reassessment proceedings were stayed pending final hearing. en-us Thu, 24 Sep 2026 00:00:00 +0530 Wed, 30 Sep 2026 08:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800025 Search-related reassessment for AY 2024-25 may be initiated under section 148 without using section 153C or the section 148A(1) procedure. Where seized cash was disclosed as cash sales, adjusted against tax liability in earlier appellate proceedings, and accepted by the same Assessing Officer as belonging to the taxpayer, its treatment as deemed information of escaped income raises a jurisdictional issue. A notice that neither refers to the cash nor states the jurisdictional facts supporting escaped income requires examination. Reassessment proceedings were stayed pending final hearing. Case-Laws Income Tax Thu, 24 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800025