https://www.taxtmi.com/caselaws?id=800341 Reassessment beyond three years requires recorded reasons and approval linking escaped income exceeding the threshold to an identified asset, qualifying expenditure, event or book entry under section 149(1)(b); unaccounted receipts or payments alone do not meet that jurisdictional condition. For a pre-search assessment year, an assessment under section 143(3) without recourse to sections 147 and 148 lacks the prescribed statutory basis. Electronic material, including WhatsApp chats and cash books, must be authenticated and corroborated through source extraction, chain of custody, transaction context and year-specific evidence. Retracted statements, unexplained figures and unreconciled cash-book entries cannot, without independent corroboration, establish unaccounted sales or support net-profit estimation. en-us Tue, 29 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800341 Reassessment beyond three years requires recorded reasons and approval linking escaped income exceeding the threshold to an identified asset, qualifying expenditure, event or book entry under section 149(1)(b); unaccounted receipts or payments alone do not meet that jurisdictional condition. For a pre-search assessment year, an assessment under section 143(3) without recourse to sections 147 and 148 lacks the prescribed statutory basis. Electronic material, including WhatsApp chats and cash books, must be authenticated and corroborated through source extraction, chain of custody, transaction context and year-specific evidence. Retracted statements, unexplained figures and unreconciled cash-book entries cannot, without independent corroboration, establish unaccounted sales or support net-profit estimation. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800341