https://www.taxtmi.com/caselaws?id=801861 Post-search assessments for preceding assessment years covered by Explanation 2 to section 148 must follow the special reassessment mechanism under sections 147 and 148. The deeming fiction of escapement of income displaces direct scrutiny assessment under section 143(3); neither administrative selection nor taxpayer participation can cure the absence of a jurisdictional reassessment notice. Prior approval under section 148B is mandatory before assessment, reassessment, or recomputation and requires independent consideration of relevant seized material. General supervisory or administrative approval cannot substitute for this statutory safeguard. Non-compliance with either requirement renders the assessment void for lack of jurisdiction. en-us Tue, 22 Sep 2026 00:00:00 +0530 Wed, 28 Oct 2026 07:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801861 Post-search assessments for preceding assessment years covered by Explanation 2 to section 148 must follow the special reassessment mechanism under sections 147 and 148. The deeming fiction of escapement of income displaces direct scrutiny assessment under section 143(3); neither administrative selection nor taxpayer participation can cure the absence of a jurisdictional reassessment notice. Prior approval under section 148B is mandatory before assessment, reassessment, or recomputation and requires independent consideration of relevant seized material. General supervisory or administrative approval cannot substitute for this statutory safeguard. Non-compliance with either requirement renders the assessment void for lack of jurisdiction. Case-Laws Income Tax Tue, 22 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801861