S. 153A : Assessment-Search-Search warrant and panchnama not in the name of assessee-Assumption of jurisdiction invalid-Assessment quashed. [S. 132(1)]

S. 153A : Assessment-Search-Addition based on document impounded during survey-Not permissible in assessment under section 153A-Addition deleted. [S.69A, 115BBE, 132, 133A]

S. 153A : Assessment-Search-Bogus long-term capital gains-Additions based solely on Investigation Wing report and untested third-party statements-No incriminating material-Addition deleted-Estimated commission on alleged accommodation entries-No evidence linking assessee with entire stock exchange transactions-Addition deleted-Alleged cash handling based on statement of office boy-No corroborative evidence or cash trail-Addition deleted. [S. 45]

S. 153A : Assessment-Search-No incriminating material relating to assessment year-Assessment under section 153A invalid.[S. 132]

S. 149 : Reassessment-Time limit for notice-Limitation-Time spent in proceedings under section 148A to be excluded-Reassessment order passed beyond limitation-Invalid.[S.148, 148A(b)]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Search cases-Approval granted without recording finding of escapement of income-Notice under section 148 invalid. [S. 132, 147, 148, 148A(b), 151]

S. 147 : Reassessment-Amalgamated company-Notice issued in the name of non-existent entity despite knowledge of amalgamation-Reassessment void ab initio.[S. 148]

S. 147 : Reassessment-Notice after four years-Failure to disclose material facts not alleged-Reassessment invalid-Borrowed satisfaction-Reasons recorded based solely on Investigation Wing report-Reopening invalid.[S.68, 143(3), 148]

S. 145A : Method of accounting in certain cases-Unutilised CENVAT credit-Exclusive method of accounting consistently followed-No adjustment called for.[S. 145]