ITAT Rules Reassessment Notices Where Escaped Income Ultimately Fell Below Rs 50 Lakh Threshold as Unsustainable:
The ITAT Delhi holds that reassessment under Sections 147 or 148 cannot survive beyond three years if the income to have escaped assessment is below the statutory limit.
ITAT Quashes Reassessment Notices
Saima
Jul 25, 2026
Premium
ITAT Rules Reassessment Notices Where Escaped Income Ultimately Fell Below Rs 50 Lakh Threshold as Unsustainable
The ITAT Delhi holds that reassessment under Sections 147 or 148 cannot survive beyond three years if the income to have escaped assessment is below the statutory limit.
Also Read
ITAT Condones 115-Day Delay in Appeal To Provide Substantive JusticeITAT Restores Income Tax Appeal to CIT(A) After Condoning 115-Day Delay Due to COVID-19 Genuine HardshipITAT Deletes Disallowances on Foreign Currency Loan Interest and Forex Loss in American Express Bank CaseITAT Allows 115BAB Tax Benefit Claim And Remands Eligibility Verification to AO
About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
526My Recent Articles
- ITAT Condones 115-Day Delay in Appeal To Provide Substantive Justice
- ITAT Deletes Disallowances on Foreign Currency Loan Interest and Forex Loss in American Express Bank Case
- ITAT Allows 115BAB Tax Benefit Claim And Remands Eligibility Verification to AO
- High Court Quashes GST Section 74 Notice Issued Beyond Limitation
- ITAT Remands Rs 4 Lakh Section 80GGC Deduction Dispute to CIT(A)
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts