No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.

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No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.

 

CBDT has issued the instructions clarifying the scope of section 148 issued between prior to 01.04.2021 to 30.06.2021 pursuant to Supreme Court Ruling in Ashish Agarwal Case.

 

Here is an interesting analysis.

 

50 Lakh

 

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