S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternative remedy-The High Court dismissed the writ filed by the assessee against the assessment order with direction to avail alternative available under the Act as the assessee had failed to point out any procedural irregularity or illegality in the proceedings.[S. 148A(b), 148A(d), Art. 226]

S. 148 : Reassessment-Notice-Notice issued in the name of dead person-Not enforceable in the eyes of law-The legal heirs are under no statutory obligation to intimate the death of the assessee to the department-Requirement of issuing notice to a correct person is not a merely a procedure requirement but is a condition precedent the impugned notice being valid in law-Notice is held to be null and void.[S. 10(37) 144. 147, 292BB, Art. 226

S. 147 : Reassessment-Audit objection-Corporate Social responsibility-Reopening of assessment on perusal of the records available during the course of assessment proceedings-Amounts to change of opinion-Reassessment notice and order disposing the objection is quashed. [S. 37(1), 148, Art. 226]

S. 147 : Reassessment-With in four years-Undisclosed investment-Not recording of independent satisfaction-Reassessment notice and order disposing the objection is quashed [S.69B, 148, Art. 226]

S. 147 : Reassessment-With in four years-Advancing loan to sister concern from borrowed capital without interest-Loan was advanced out of commercial expediency-Reopening of assessment on the ground that interest claimed on borrowed capital is not allowable and hence, escaped assessment-Reassessment notice and order disposing the objection is quashed.[S. 36(1)(iii), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Compensation-Business expenditure-No new tangible material-Assessee had filed reply during original assessment proceedings-twin conditions-New tangible material and failure on the part of the assessee to disclose all material facts truly and fully, does not exist-Notice and order disposing the objection is quashed. [S. 37(1), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Reopening of assessment on the basis of decision of court that approval not obtained from competent authority-not a case of income escaping assessment due to failure on the part of the assessee to disclose material facts during the course of assessment-reopening unjustified.[S.10B, 148, Art. 226]

S. 147:Reassessmet-After the expiry of four years-Change of opinion cannot be a reason to reopen the assessment.[S. 35D, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Money transferred to assessee’s bank account from cash deposits in other persons bank account-Borrowed Satisfaction-Mere increase in funds from previous year-No Tangible material on record-Notice and order disposing the objection is quashed.[S. 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Capital Gains-Full value of consideration-Stamp Duty Valuation-Reassessment notice and order disposing the objection is quashed.[S.45, 50C, 148, Art. 226]