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 Understanding Trust Law in India: Formation, Registration & Governance SEO Expert July 25, 2026 Income Tax ITAT Deletes Sections 41 & 43 BMA Penalties for Bona Fide ESOP Disclosure Omission SEO Expert July 25, 2026 Income Tax Madras HC Dismisses Writ Against Section 153A Assessment, Cites Alternate Appeal Remedy SEO Expert July 25, 2026
