https://www.taxtmi.com/caselaws?id=801335 Reassessment notices issued more than three years after the relevant assessment year require prior sanction from the specified higher authority; approval by a Principal Commissioner does not meet that jurisdictional requirement, invalidating the notice and consequential assessment. Where an original return is treated as filed in response to a reassessment notice, a notice under Section 143(2) is mandatory before assessment; its absence invalidates the assessment. Section 56(2)(vii)(b) does not apply where the agreement, full payment and possession of immovable property were completed before the provision took effect, notwithstanding subsequent conveyance registration. en-us Tue, 13 Oct 2026 00:00:00 +0530 Mon, 19 Oct 2026 07:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801335 Reassessment notices issued more than three years after the relevant assessment year require prior sanction from the specified higher authority; approval by a Principal Commissioner does not meet that jurisdictional requirement, invalidating the notice and consequential assessment. Where an original return is treated as filed in response to a reassessment notice, a notice under Section 143(2) is mandatory before assessment; its absence invalidates the assessment. Section 56(2)(vii)(b) does not apply where the agreement, full payment and possession of immovable property were completed before the provision took effect, notwithstanding subsequent conveyance registration. Case-Laws Income Tax Tue, 13 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801335