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 12 Tips for Save Income Tax SEO Expert June 9, 2026 Income Tax Parameters for compulsory selection of income-tax returns filed in FY 2025-26 SEO Expert June 9, 2026 Income Tax No Section 271D Penalty if No Assessment Was Made & No Satisfaction Was Recorded: ITAT Delhi SEO Expert June 9, 2026
