S. 153A : Assessment-Search-Without incriminating material addition is held to be not justified-Addition based on valuation report which was not available on the date of search is held to be not valid. [S. 132, 132(9D)]

S. 153A : Assessment-Search-No incriminating material was found-Ad-hoc disallowance of 50 % of expenditure is unsustainable-Addition claim which was made before the CIT (A), order of CIT (A) directing the AO to consider the said claim is held to be valid. [S. 250]

S. 147 : Reassessment-Change of opinion-Metal loan from members-Consistent method-Reassessment is bad in law. [S. 148]

S. 147 : Reassessment-No addition was made in respect of reasons recorded-Addition of long term as bogus-Reassessment is held to be bad in law. [S. 148]

S. 147 : Reassessment-With in four years-Information from Investigation wing-Client code modification-Recording of incorrect and wrong fact and wrong provision-Approval in mechanical manner Reassessment is held to be not valid. [S. 147(b), 148, 151]

S. 147 : Reassessment-Wrongly mentioning Section 147(b)-Not curable defects under Section 292B-Reassessment is bad in law. [S.148, 292B]

S. 147 : Reassessment-Search and seizure-Seized ground not related to the assessee-Reassessment is bad in law. [S. 132]

S. 147 : Reassessment-After the expiry of four years-Transfer pricing-Arm’s length price-Tribunal order in earlier year assessment years-No failure to disclose material facts-Reassessment is not valid. [S. 148]

S. 143(3) : Assessment-Jurisdiction-Filing returns at Meerut-Notice for scrutiny assessment issued by Officer at Malegaon-No material to show how or why case transferred-Notice by Officer not having jurisdiction-Assessment invalid. [S. 127, 143(2)]

S. 143(3) : Assessment-Unexplained money-Cash found during search-Sale of scrap-Reflected in balance sheet-Addition cannot be made. [S. 69, 69C, 132]