S. 148 : Reassessment-Notice-Notice issued in the name of dead person-Not enforceable in the eyes of law-The legal heirs are under no statutory obligation to intimate the death of the assessee to the department-Requirement of issuing notice to a correct person is not a merely a procedure requirement but is a condition precedent the impugned notice being valid in law-Notice is held to be null and void.[S. 10(37) 144. 147, 292BB, Art. 226

S. 147 : Reassessment-Audit objection-Corporate Social responsibility-Reopening of assessment on perusal of the records available during the course of assessment proceedings-Amounts to change of opinion-Reassessment notice and order disposing the objection is quashed. [S. 37(1), 148, Art. 226]

S. 147 : Reassessment-With in four years-Undisclosed investment-Not recording of independent satisfaction-Reassessment notice and order disposing the objection is quashed [S.69B, 148, Art. 226]

S. 147 : Reassessment-With in four years-Advancing loan to sister concern from borrowed capital without interest-Loan was advanced out of commercial expediency-Reopening of assessment on the ground that interest claimed on borrowed capital is not allowable and hence, escaped assessment-Reassessment notice and order disposing the objection is quashed.[S. 36(1)(iii), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Compensation-Business expenditure-No new tangible material-Assessee had filed reply during original assessment proceedings-twin conditions-New tangible material and failure on the part of the assessee to disclose all material facts truly and fully, does not exist-Notice and order disposing the objection is quashed. [S. 37(1), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Reopening of assessment on the basis of decision of court that approval not obtained from competent authority-not a case of income escaping assessment due to failure on the part of the assessee to disclose material facts during the course of assessment-reopening unjustified.[S.10B, 148, Art. 226]

S. 147:Reassessmet-After the expiry of four years-Change of opinion cannot be a reason to reopen the assessment.[S. 35D, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Money transferred to assessee’s bank account from cash deposits in other persons bank account-Borrowed Satisfaction-Mere increase in funds from previous year-No Tangible material on record-Notice and order disposing the objection is quashed.[S. 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Capital Gains-Full value of consideration-Stamp Duty Valuation-Reassessment notice and order disposing the objection is quashed.[S.45, 50C, 148, Art. 226]

S.147: Reassessment-After the expiry of four years-Change of opinion-Direction of Audit party-Amalgamation-AO issued notice on the ground of directions issued by the audit party-Being not on AO’s personal satisfaction, reopening of assessment without any basis, merely on change of opinion and not permissible in law-Reassessment notice and order disposing the objection is quashed.[S. 72A(4), 148, Art. 226