Section 148A Order Annulled: Notice Issued Post-3-Year Limit with Income Escapement Under Rs. 50 Lakh.

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....Validity of order passed u/s 148A - The impugned order is bad and not sustainable in law and is liable to be quashed for the reason that the impugned notice under Section 148A(b) under the newly amended Act was issued after expiry of three years from the end of relevant assessment year and the alleged escapement of income is below Rs.50 lakh. - HC....