S. 147 : Reassessment-After the expiry of four years-Bad debts written off-Book profit-Exempt income-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S.14A, rt. 36(1)(vii), 44AB,115JB, 148, Art. 226]
S. 147 : Reassessment-After the expiry of four years-Brought forward depreciation-Capital gains-Business income [S. 28(i), 32, 71, 148, Art.226]
S. 147 : Reassessment-After the expiry of four years-Special economic zones-Splitting up or reconstruction-No failure to disclose full and true material facts-Reassessment notice and order disposing the objection is quashed. [S.10AA, 148,Form No 56F, Art. 226]
S. 147 : Reassessment-After the expiry of four years-S.147: Reassessment-Foreign exchange fluctuation-No failure to disclose material facts-Audit objection-Notice of reassessment and order disposing the objection is quashed. [S. 4, 148, Art. 226]
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-SLP of Revenue is dismissed. [S.10(2A), 45(3), 148, Art. 136]
S. 147 : Reassessment-Unexplained money-Limited scrutiny-Cash deposit-Demonetisation-Pendency of appeal-Not adjudicated in the original assessment proceedings-Reassessment notice is valid.[S. 69A, 148, Art. 136]
S. 147 : Reassessment-After the expiry of four years-Notional foreign exchange loss-No failure to disclose material facts-Change of opinion-Order of High Court is affirmed-SLP of Revenue is dismissed.[S.37(1), 148, Art. 136]
S. 147 : Reassessment-After the expiry of four years-Bad debt-Provision for bad and doubtful debts-Schedule bank-SLP of Revenue is dismissed. [S.36(1)(viia), Art. 136]
S. 144B : Faceless Assessment-Principle of natural justice-Video conference not provided-Matter remanded to Assessing Officer to pass fresh assessment order after giving opportunity of hearing to assessee by video conferencing. [S. 68, Art. 226]
S. 144B : Faceless assessment-Amendment by Finance Act of 2022 — Does not curtail benefits to the assessee — Amendment valid-Natural justice-Opportunity of the hearing was not granted-Reassessment was not valid-Order was set aside-SLP of assessee is dismissed. [S. 144B(7), 144B(9), Art. 136]