Reassessment Beyond 3 Years for ₹8 Lakh Addition? – ITAT Questions Validity of Section 148 Notice

Ashok Narayan Satav Vs ITO (ITAT Pune) Reassessment Beyond 3 Years for ₹8 Lakh Addition? – ITAT Questions Validity of Section 148 Notice The Pune ITAT raised serious doubts on the validity of reassessment proceedings initiated beyond three years where the alleged escaped income was only ₹8 lakh, and remanded the matter back to the CIT(A) for fresh adjudication after proper verification of jurisdictional facts. In this case, the assessee had originally filed the return declaring income of about ₹2.13 lakh. Subsequently, based on information that the assessee had allegedly paid ₹8 ...