https://www.taxtmi.com/caselaws?id=801480 For AY 2016-17, reassessment notice under Section 148 was time-barred because the extended limitation period under Section 149(1)(b) required escaped income to meet the prescribed threshold. The recorded escaped-income figure included a cash-deposit amount twice: once separately and again within total cash deposits. Removing the duplicate entry reduced the alleged escaped income below the threshold, leaving only the ordinary limitation period under Section 149(1)(a). The notice was therefore invalid, and the reassessment lacked jurisdiction. en-us Fri, 16 Oct 2026 00:00:00 +0530 Thu, 22 Oct 2026 08:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801480 For AY 2016-17, reassessment notice under Section 148 was time-barred because the extended limitation period under Section 149(1)(b) required escaped income to meet the prescribed threshold. The recorded escaped-income figure included a cash-deposit amount twice: once separately and again within total cash deposits. Removing the duplicate entry reduced the alleged escaped income below the threshold, leaving only the ordinary limitation period under Section 149(1)(a). The notice was therefore invalid, and the reassessment lacked jurisdiction. Case-Laws Income Tax Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801480