S. 147 : Reassessment-Educational institution-Application of 85 percent of gross income is not a requisite condition for exemption-Claiming exemption under section 10(23C)(iiiad)and not under section 11(1)(a)-Reassessment is not valid.[S. 10(23C)(iiiad), 11(1)(a), 12A]

S. 147 : Reassessment-Interest-No fresh material-Change of opinion-Reassessment is not valid.[S.37(1), 80IA 143(3), 148]

S. 147 : Reassessment-After the expiry of four years-Re-appreciation of same documents which were available at the time of original assessment-Reassessment is quashed.[S.143(3)]

S.144C: Reference to dispute resolution panel-Since there was no forwarding not even effort to forward draft assessment order to the new address furnished to the Assessing Officer under proviso to Rule 127(2) within permitted time frame under section 153 r.w.s. 144C, the impugned assessment order was time barred and therefore liable to be quashed. [S. 153, Rule 127(2)]

S. 144C : Reference to dispute resolution panel-Assessing Officer issuing notice of demand on same date as draft order attaining finality to assessment-Once notice of demand issued, assessment complete-Assessment order is not valid. [S.143(3), 156]

S. 144 : Best judgment assessment-Rejection of books-Estimate of net profit at 4 Per Cent. on gross turnover-Justified-Fixed Deposits utilized to acquire bank guarantee-Nexus between interest earned and interest paid-Interest paid to be adjusted against interest received.[S.56, 57, 145(3)].

S. 144: Best judgement assessment-Search-Incriminating material-Assessment is valid-Best judgement-Failure to issue show cause notice for best judgement assessment-Assessment not valid-Jurisdiction-Order of transfer of jurisdiction challenged before High Court-Stay not granted-Completion of assessment in pendency of proceedings before High Court valid-Statements recorded by Investigation Wing used to support additions made-Failure to give an opportunity to cross-examine witnesses-Addition is not valid-Unsecured loan-Addition is not valid. [S. 68, 139, 144, 153A, 245C]

S. 143(3): Assessment-Assessment orders passed by Assessing Officer during the moratorium period under the provisions of IBC are void-ab-initio. [S.153A]

S.143(3) :Assessment-Mismatch of amount-All transaction shown in Form 26AS does not represent income-Addition is deleted.[S. 4, 139,Form, 26AS]