S. 147 : Reassessment-Revaluation of asset of firm-Transfer of revalued reserve to partners’ accounts-Section 45(3) is applicable in year of transfer of capital asset by partner to firm by way of capital contribution-Re valuation is not colourable device-Reassessment is not valid. [S. 10(2A) 45(3) 148, 260A]
S. 144B : Faceless Assessment-Issue of notice and draft assessment prior to final assessment order-Violation of principle of natural justice-Order set aside. [S. 143(3), 270A]
S. 144B : Faceless Assessment-Natural justice-Merely reproducing content of assessees replies to notices is not sufficient-Matter remanded for passing order. [Art. 226]
S. 144B : Faceless Assessment-Draft assessment order-Final notice with draft assessment order not served-Assessment order not valid. [S. 144B(1)(xvi), 144B(xxii), Art. 226]
S. 144B : Faceless Assessment-Draft assessment order-Violation of principle of natural justice-Failure to issue notice-Order not valid [S.143(3), 144(2), Art. 226]
S. 144B : Faceless Assessment-Procedure prescribed not followed-Cash credits-Firm-Partner-Source of the investors of capital and amount received need not be established-Matter remanded. [S.68,69, 143 (3), 144B(9), Art. 226]
S. 144 : Best judgment assessment-Discrepancy in dates of actual hearing and dates of service of notices mentioned in assessment order-Not granted an effective opportunity of hearing-Assessment order and consequential penalty notices set aside-Matter remanded. [S. 263, 271(1)(c), Art. 226]
S. 143(3) : Assessment-Alternative remedy-Adequate opportunities of hearing given were not availed-Writ is not maintainable when there is an efficacious statutory remedy of appeal before CIT(A). [S. 143(2), 246A, Art. 226]
S. 139 : Return of income-Revised return-Demerger-Delay in filing revised return-Demerger-Protective assessment-Sanction from Company law Board-Rejection of revised return is not valid. [S 139(5), Art. 226]
S. 132B : Application of seized or requisitioned assets-Seizer of cash-Direction issued to return seized cash in accordance with assessment order. [S. 132B(3), Art. 226]