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Bangalore ITAT Quashes Reassessment: ₹20.52-Lakh Income, 3-Year Limit

19 Aug 2026 · 19 Aug 2026By CA Vijayakumar Shetty

Bangalore ITAT quashes reassessment notice issued beyond 3 years where alleged escaped income was only ₹20.52 lakh, below the ₹50-lakh Section 149 threshold. The post Bangalore ITAT Quashes Reassessment: ₹20.52-Lakh Income, 3-Year Limit appeared first on TaxGuru .

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