The issue was whether reassessment beyond 3 years is valid when escaped income is below ₹50 lakh. The ruling held such notice invalid under Section 149, and the key takeaway is strict adherence to limitation rules.
The post Reopening Beyond 3 Years Invalid if Escaped Income & lt; ₹50 Lakhs – ITAT Quashes U/s 148 Notice appeared first on TaxGuru.
