S. 153A: Assessment-Search-Assessments concluded on date of search-Do not abate-No addition can be made without incriminating material found during search-Un secured loan-Remanded to Assessing Officer to re-examine claim in light of decision of Supreme Court in PCIT v. Abhisar Buildwell P. Ltd((2023) 454 ITR 212 (SC )

S. 153A: Assessment-Search-Satisfaction note-No incriminating document-Loose sheets-Unaccounted cash-Incriminating material for each year is mandatory-Addition is deleted. [S. 69C , 132 (4), 153D]

S. 153A : Assessment-Search-No incriminating material found-Dumb document-Statement in the course of search is not incriminating document-Third party statement-Statement to be construed as a whole-Cash credits-Burden shift on the assessee only when incriminating material is found-Deletion of addition by CIT(A) is affirmed . [ S.68 , 699C ,132(4) , 143(3), 292C ]

S. 153A: Assessment-Search-Assessment completed or in respect of which time for issue of notice has expired-Assessment does not abate-No incriminating material is found-Statements taken during survey prior to search operations cannot be used as evidence-Additions is not sustainable. [S. 132, 133A, 143(2)]

S. 147 : Reassessment-Limited scrutiny on issue of cash deposits-Enquiries made and detailed replies filed-No assessment order passed-Assessment time-barred-Reassessment on same issue impermissible and without jurisdiction-Proceedings quashed .[ S. 69A, 143(2) , 143(3. 148 , 153 ]

S. 147: Reassessment-Survey Borrowed satisfaction-Reasons recorded on wrong facts without application of mind-Reassessment is bad in law . [ S. 133A, 148(2) ]

S. 147 : Reassessment-Transactions on stock exchange-Client code modification-Fictitious losses-Name of broker facilitating client code modification not mentioned in reasons recorded-Reassessment is quashed. [S. 148]

S. 145 : Method of accounting-Builder-Rule of consistency followed-Percentage of completion method-Accounting Standard Guidance note not notified by Central Government-Assessing Officer not right in recomputing profitability of Assessee. [ S. 145(2) ]

S. 144C: Reference to dispute resolution panel-Limitation-Company amalgamated with assessee and ceasing to exist-Fact of amalgamation intimated to department-Order of Transfer Pricing Officer and draft assessment order issued in name of non-existing company-Invalid-Directions of Dispute Resolution Panel and final assessment passed in name of assessee-Not valid-Assessee ceasing to be eligible assessee and reduced time-limit for assessment-Assessment is barred by limitation .[ S.92CA (3)

S. 144C: Reference to dispute resolution panel-Transfer pricing-Reference to Transfer Pricing Officer-Arm’s Length price-Avoidance of tax-Remand order-Order passed by Assessing Officer giving effect to order of Dispute Resolution Panel without understanding Tribunal’s order-Matter remanded to Assessing Officer for adjudication afresh. [S. 92CA]