https://www.taxtmi.com/caselaws?id=800964 Reassessment initiated more than three years after the relevant assessment year required a recorded determination that income chargeable to tax had escaped assessment at or above the prescribed threshold under Section 149(1)(b). Aggregate cash deposits in a bank account alone did not establish escaped income. Because the order under Section 148A(d) contained no categorical quantification satisfying that condition, the statutory precondition for extended reopening was absent. The notice under Section 148 and consequential reassessment were void ab initio and quashed. en-us Mon, 12 Oct 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800964 Reassessment initiated more than three years after the relevant assessment year required a recorded determination that income chargeable to tax had escaped assessment at or above the prescribed threshold under Section 149(1)(b). Aggregate cash deposits in a bank account alone did not establish escaped income. Because the order under Section 148A(d) contained no categorical quantification satisfying that condition, the statutory precondition for extended reopening was absent. The notice under Section 148 and consequential reassessment were void ab initio and quashed. Case-Laws Income Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800964