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Income Tax | Escaped Income Below ₹50 Lakh Invalidates Reassessment Beyond Three Years: Bombay HC

7 Oct 2026 · 7 Oct 2026By CA Sandeep KanoiSource: TaxGuru

Bombay HC quashes AY 2013-14 reassessment as AO estimated escaped income at Rs. 26.06 lakh, below Section 149(1)(b)’s Rs. 50 lakh threshold. The post Escaped Income Below ₹50 Lakh Invalidates Reassessment Beyond Three Years: Bombay HC appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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