https://www.taxtmi.com/caselaws?id=800101 Reassessment notices issued beyond three years require escaped income in the prescribed form to meet the statutory threshold under Section 149(1)(b). Cumulative expenditure may support assessment-year-wise notices under Section 149(1A) only where it relates to the same event or occasion across multiple previous years. Cash payments connected with distinct quotations or orders, made on different dates for different items, constitute separate events and cannot be aggregated to satisfy that threshold. Third-party seized material did not alter the limitation position where the relevant assessment year lay outside the applicable ten-year search-assessment block. The notices were therefore barred by limitation and quashed. en-us Fri, 18 Sep 2026 00:00:00 +0530 Thu, 01 Oct 2026 07:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800101 Reassessment notices issued beyond three years require escaped income in the prescribed form to meet the statutory threshold under Section 149(1)(b). Cumulative expenditure may support assessment-year-wise notices under Section 149(1A) only where it relates to the same event or occasion across multiple previous years. Cash payments connected with distinct quotations or orders, made on different dates for different items, constitute separate events and cannot be aggregated to satisfy that threshold. Third-party seized material did not alter the limitation position where the relevant assessment year lay outside the applicable ten-year search-assessment block. The notices were therefore barred by limitation and quashed. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800101