S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Difference between remittance-sheet and account statement of various parties of bank-Reassessment was quashed earlier-Merely on ground that this being a new regime of reassessment after 1-4-2021, scope was enlarged by amended provisions for reopening-Reopening notice was to be quashed and set aside-SLP filed by revenue against order of High Court was dismissed. [S. 148A(b), 148A(d), Art. 136]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-The issue involved in SLP was covered in UOI v. Rajeev Bansal [2024] 167 taxmann.com 70/301 Taxman 238 (SC)-SLP filed by revenue against order of High Court was disposed of-The Assessing Officer will dispose of the objections in terms of law laid down by the apex court in Rajeev Bansal (Supra).The assessee is given liberty to pursue all the rights and remedies in accordance with law.[S. 148, 148A(b)), 148A(d), 149, Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, S. 3, Art. 136]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Time limit for notice-SLP disposed of in terms of Supreme Court judgment in UOI v. Rajeev Bansal (2024) 301 Taxman 238 (SC).[S. 148A(b), 148A(d), 149, Art. 136]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash credits-Large cash deposits-Inadequate explanation-Reassessment notice is held to be justified-SLP dismissed as withdrawn.[S.68, 148A(b),148A(d), Art. 136].

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Interest on borrowed capital-Diversion of fund-Assessing Officer was not disabled from proceeding to examine entire case, including on basis of allegations which formed part of original reasons to believe-High Court dismissed the writ petition-SLP of assessee is dismissed. [S. 36(1)(iii) 147, 148, 148A(b), 148A(d), Art. 136]

S. 148 : Reassessment-Notice-Issued after approval of resolution plan by NCLT for a prior period-Invalid-SLP dismissed. Insolvency and Bankruptcy Code, 2016, S. 31, Art. 136]

S. 147 : Reassessment-Long-term capital gains from equities-Bogus claim-Accommodation entries-Information from Investigation Wing-Loan-No independent satisfaction regarding reasons recorded to re-open assessment-Reassessment notice and order disposing the objection is quashed. [S. 10(38), 45, 132, 148, Art. 226]

S. 147 : Reassessment-Capital gains-Capital gains-Investment in a residential house-Alternate remedy-Writ petition is dismissed. [S.54F 143(3),148, Art.226]

S.147: Reassessment-After the expiry of four years-Futures & Options-Loss was accepted in the original assessment-Information received from insight portal-No independent verification-No failure to disclose material facts-Notice and order disposing the objection was quashed and set aside [S. 28(1), 143(3), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Futures & options loss-Borrowed satisfaction-No failure to disclose-Notice quashed [S. 71, 148, Art. 226]