Reassessment After 3 Years – When Is It Allowed?

Reassessment after 3 years under the Income-tax Act, 1961 is not automatic and can be initiated only if strict statutory conditions are satisfied. Many reassessment notices are issued after 3 years from the end of the relevant assessment year.
Such cases are subject to stricter conditions.

What the law says

After 3 years, reassessment is permitted only if:

  • Income escaping assessment exceeds the statutory threshold
  • There is failure on the part of the assessee to disclose material facts
  • Conditions under sections 148, 148A and 151 are strictly followed

When reassessment is NOT allowed

  • Mere change of opinion
  • Audit objections without new material
  • Issues already examined earlier
  • Vague or borrowed satisfaction

Practical checklist

Before replying:

  1. Check date of original assessment
  2. Verify years elapsed
  3. Examine reasons / information relied upon
  4. Look for disclosure in original proceedings

Related reading

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