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Tax assessment notices cannot be issued after three years, if the estimated concealment of income is below Rs 50 lakh

An income-tax notice cannot be issued if three years have passed since the end of the relevant assessment year. However, if there is evidence of concealment of income of at least Rs 50 lakh, a notice can be issued beyond three years but within 10 years of the end of the relevant assessment year.

Delhi
India
Girish-kathpalia
Yeeshu-sehgal
Vivek-jalan
Ashish-agrawal
Rajiv-shakdher
Income-tax-department
High-court
Supreme-court
Under-section
Income-tax-act

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