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 Income Tax | CGAS Rule 9 Lacuna May Postpone Capital Gains Tax Despite Immediate Withdrawal SEO Expert September 21, 2026 Income Tax Income Tax | Copper Transfer Pricing: Why LME Price Is Not Enough SEO Expert September 21, 2026 Income Tax Income Tax | 0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad SEO Expert September 21, 2026
