Reassessment Notice Issued Beyond Three Years Void As Embedded Income Failed Rs 50 Lakh Threshold
Reassessment Notice Issued Beyond Three Years Void As Embedded Income Failed Rs 50 Lakh Threshold Issue Whether a reassessment notice under Section 148 issued beyond the 3-year limitation period is legally valid under Section 149(1)(b) when the actual income component embedded in gross contractual receipts is less than the statutory threshold of Rs. 50 lakhs.… Read More »