S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Investments by Foreign Companies in Shares of their own Indian subsidiaries-Transactions are capital account transactions-No proof of transactions being consequence of round-tripping-Investment in shares capital account transaction not income-Notices and orders set aside. [S. 9(1)(i), 115A, 147, 148, 148A(b), 148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Initial notice-Personal hearing-Personal hearing not statutory mandate but discretion of Assessing Officer-Writ petition is dismissed-Assessee can raise contentions in reassessment proceedings-Interpretation of taxing statutes-Legislative intent-Plain language of provision must be given its ordinary meaning.[S. 132, 147, 148, 148A(b),148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unrecorded marriage expenses-Inquiry not mandatory before issue of order-Writ petition to quash notice is dismissed. [S. 147, 148, 148A(b), Art. 226]

S. 147 : Reassessment-With in four years-Reasons recorded are cryptic and vague-Notice and order disposing the objection is quashed and set aside.[S. 148, Art. 226]

S. 147: Reassessment-Principle of natural justice-Order passed without affording opportunity to be heard-Order is not valid-Directed to pass reasoned order after providing a reasonable opportunity of hearing.[S. 148, Art. 226]

S. 147: Reassessment-Prior period expenditure-Disallowance made in subsequent AY 2010-11 was set aside by CIT(A)-No appeal is filed before the CIT(A)-Reassessment notice and order disposing the objection is set aside. [S.37(1), 148, Art. 226]

S. 147 : Reassessment-With in four years-Capital gains-Transfer-Redemption of preference shares-Loss-No new material-Reassessment-Reassessment notice and order disposing the objection is quashed. [S. 2(47) 47(iv) 148, Art. 226]

S.147: Reassessment-After the expiry of four years-Depreciation on temporary structures at hundred per Cent-No failure to disclose any material facts-Change of opinion-Reassessment notice and order disposing the objection is quashed. [S. 32, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-No evidence of failure to disclose material facts-Notice to withdraw or reduce deduction is held to be not valid-Borrowed satisfaction-Pendency of appeal-Notice for reassessment is not valid [S.10A, 80HHE, 148, 250, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Reason recorded cryptic and vague-Notice and order disposing the objection is set aside. [S. 148, Art. 226]