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]

S. 147 : Reassessment-After the expiry of four years-Book profit-Over-stated cost of acquisition of shares and excess loss-No impact on tax liability on book profits-Reassessment notice and order disposing the objection is quashed.[S.115JA, 143(1), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Investment in purchase of shares-Objections disposed without passing speaking order-Fundamental factual error-Reassessment notice and order disposing the objection is quashed.[S. 68, 148,151, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Capital gains-Cost of acquisition-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S. 45, 48, 148, Art. 226]