S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Right to cross examination-No specific request for cross examination and issue off summons-Reassessment is valid-Writ petition is dismissed. [S.144B,147, 148, 148A(b), 148A(d), Art. 226]

S. 147: Reassessment-Return pending to be processed-Time limit for completing scrutiny u/s 143(3) is not expired-Reassessment cannot be initiated.[S. 139(1), 143(3), 148]

S. 144C : Reference to dispute resolution panel-Additional ground admitted-Passing of draft assessment order is mandatory-Specific waiver application filed before the DRP-No estoppel against the law-Order is bad in law. [S.92CA(4) 254(1)]

S. 144 : Best judgment assessment-Books are rejected-Order has to be passed under section 144-Order passed under section 153A is not valid-Addition is deleted.[S.132, 145(3), 153A]

S. 143(3): Assessment-Digital signature was affixed after limitation period-Order is bad in law-Barred by limitation. [S. 153]

S. 68 : Cash credits-Survey-Loose sheets-On money-Merely on the basis if rough notings made on loose sheets addition cannot be made.[S.132(4A), 133A,292C]

S. 80G : Donation-Existing Trust-Time limit for provisionally registered Trust for seeking regular registration-Harmonious interpretation-The time limit for applying for regular registration for existing trust is six months of the expiry of provisional registration. [S.12AA, 80G(5), Form 10AB]

S. 68 : Cash credits-Sale of shares-Shreenath Commercial and Finance Ltd-Penny stock-Capital gain-Denial of exemption is not justified..[S. 10(38), 45]

S. 68 : Cash credits-Sale of shares-Comfort Fine cap Ltd-Penny stock-All documents produced-Capital gain is exempt from tax.[S. 10(38)), 45]

S. 68 : Cash credits-Accommodation entries-Information from Investigation Wing-Bhanwarlal Jain-Rajendra Jain-Gautam Jain group-No evidence that amount was credited-Addition is deleted.