Income Tax Reopening Beyond 3 Years Invalid for Escaped Income Below ₹50 Lakh – Wrong Sec 151 Sanction Vitiates Reassessment – ITAT Mumbai SEO Expert February 22, 2026 ITAT Mumbai quashed reassessment beyond 3 years as escaped income was ₹37.76 lakh ( The post Reopening Beyond 3 Years Invalid for Escaped Income Below ₹50 Lakh – Wrong Sec 151 Sanction Vitiates Reassessment – ITAT Mumbai appeared first on TaxGuru. Continue Reading Previous: Addition U/s 69 for Penny Stock Investment Deleted – Explained Source Through Banking Channel Accepted – ITAT MumbaiNext: Penny Stock LTCG Addition U/s 68 Deleted – Documentary Evidence Accepted; Suspicion Cannot Replace Proof – ITAT Mumbai Related Stories Income Tax Section 263 Limitation Runs from Original Assessment, Not Reassessment: ITAT Delhi SEO Expert July 26, 2026 Income Tax ITAT Pune Allows Section 80P(2)(d) Deduction on Cooperative Bank Interest SEO Expert July 26, 2026 Income Tax Gujarat HC Quashes Section 148 Reopening, Applies IBC Clean Slate Principle SEO Expert July 26, 2026
