S. 220 : Collection and recovery of tax-Assessee deemed in default-Stay of demand-High-pitched assessment-Local High-Pitched Committee-Pendency of appeal before CIT(A)-Conditional stay on pre-deposit of 20 per cent in instalments held reasonable; denial of out-of-turn hearing upheld. [S. 246A, Art. 226]

S. 151 : Reassessment-Sanction for issue of notice-Mechanical approval-Approval granted with reference to reasons in an annexure which was blank-Sanction held invalid. [S.147, 148, Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains-Onus on ITO to prove information correct-Assessee cannot be asked to prove a negative-Entire sale consideration cannot be treated as capital gain-the matter was remanded for de novo consideration. [S. 2(47), 45, 148, 148A(b) 148A(d)]

S. 147 : Reassessment-Reason to believe-Notice based on borrowed satisfaction and for income already assessed in another’s hands-Invalid. [S. 69, 148, Art. 226]

S. 147 : Reassessment-Change of opinion-Cash credits-Share capital and share premium-Information from investigation wing-Reopening notice quashed where assessee’s balance sheet showed no transaction of alleged bogus share premium, breaking the ‘live link’ for formation of belief.[S. 68, 148, Art. 226]

S. 147 : Reassessment-Unexplained moneys-No return of income filed-Where an assessee failed to file its return of income and did not respond in time to a notice under section 148, the Assessing Officer was justified in forming a reason to believe that income, in the form of certain receipts, had escaped assessment. [S. 139, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Charitable trust-No failure to disclose fully and truly material facts-Where an assessment was framed under section 143(3), a notice for reopening issued after four years is not valid if the reason to believe is based on information disclosed in the return of income, as it does not constitute a failure to disclose material facts. [S. 11, 12AA, 143(3), 148, Art 226]

S. 147 : Reassessment-After the expiry of four years-Change of opinion –Unabsorbed depreciation-Notice based on perusal of records already examined in scrutiny assessment-Invalid without failure to disclose material facts. [S. 32(2), 143(3), 148, Art. 226]

S. 144B : Faceless Assessment-Opportunity of hearing-Assessment order passed after providing only three working days to respond to draft order and denying personal hearing is violative of principles of natural justice; matter to be remanded for fresh adjudication. [S. 133(6), 142(1), 144C, Art. 226]

S. 144B : Faceless Assessment-Opportunity of hearing-Adjournment request-Portal closed without communication-Where department, without either accepting or rejecting assessee’s timely adjournment request, closed submission portal, thereby preventing it from filing its reply, subsequent assessment order was passed in violation of principles of natural justice and was liable to be quashed. [S. 143(2), 144B(1)(xiii), Art. 226]