Income Allegedly Escaped Assessment in Different Years Cannot Be Consolidated to Meet ₹50 Lakh Threshold Under Section 149 of Income Tax Act: Delhi High Court
The Delhi High Court recently ruled in favor of a taxpayer in a significant judgment involving Section 149(1)(b), Income Tax Act 1961, clarifying that income allegedly escaping assessment cannot be clubbed from multiple years to meet the ₹50 lakh threshold necessary for issuing a reassessment notice under Section 148 after three years have lapsed. The ruling came in W.P.(C) 4845/2025, titled M/S L-1 Identity Solutions Operating Company Private Limited VERSUS…
