S. 147 : Reassessment-Capital work-in-progress-Change of opinion-Audit objection-No fresh tangible material-Order of Tribunal is affirmed.[S.143(3) 148 260A]

S. 147 : Reassessment-With in four years-Special economic zones-Explanation was furnished in the course of assessment proceedings-Notice and order disposing the objection is quashed.[S.10AA, 148, Art. 226]

S. 147 : Reassessment-With in four years-Unexplained investments-Failure to provide alleged SEBI Investigation report-Syncom Formulations Limited-Long term gains-Assessment order is set aside-Remanded back to Jurisdictional Assessing Officer (JAO) with a direction to make available to assessee a copy of report of SEBI relied upon in reasons to believe for re-opening of assessment. [S. 10(38) 69, 144B, 148, Art. 226]

S. 147 : Reassessment-With in four years-Interest on borrowed capital-Advance of amount to sister concern and associate concerns without charging interests-Commercial expediency-Notice and order disposing the objection is quashed and set aside. [S. 36(1)(iii), 148, Art. 226]

S. 147 : Reassessment-With in four years-Depreciation-Goodwill-Query raised and reply was filed-Issue was considered in the course of assessment proceedings-Audit-Even if it is an error that the Assessing Officer discovered, still the error discovered on a reconsideration of the same material does not give him power to reopen the assessment-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-Capital gains-Full value of consideration-Stamp valuation-Capital gains were calculated by assessee by taking circle-rate-Provisions of section 50C is not applicable-No reason between material and revenue’s belief on income escapement-Reassessment notice and order disposing the objection is quashed. [S. 45, 50C,54EC 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Capital gains-Slump sale-Borrowed satisfaction-Difference in valuation-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed and set aside. [S. 45, 54EC, 148, 154, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Bad debt-Provision for bad and doubtful debts-Schedule bank-No failure to disclose material facts-Order of the Tribunal is affirmed. [S. 36(1)(viia), 148, 260A]

S. 147 : Reassessment-After the expiry of four years-Additional report-Reassessment notice based on audit report which is already on the record-No new fresh tangible material-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S. 32(i)(iia), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Block of assets-Profit on sales of barge-No failure to disclose material facts-Order of Tribunal is affirmed. [S. 2(11), 32]