S. 149 : Reassessment-Time limit for notice-For AY. 2014-15, deadline expired on 31.03.2021-Notice issued on 25.07.2022 is barred by limitation. [S. 148, 148A(b), 148A(d), Art. 226]

S. 149 : Reassessment-Time limit for notice-For AY 2015-16, the six-year limitation period expired on 31.03.2022. Notice under Section 148 issued on 25.07.2022 was barred by limitation per the first proviso to Section 149, rendering consequential proceedings void. [S. 147, 148, 148A(b), 148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice to a dead person: Proceedings under Section 148A conducted and notice under Section 148 issued against a deceased assessee are non-est and void ab initio. [S.148 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Inquiry before issuance of notice-Notice to deceased person-Proceedings not held invalid where legal heir was evasive and ITO noted death for future compliance. [S. 142, 148,148A(b), 148A(d), 159, Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice to dead person-Notice under section 148A issued to a deceased assessee is a nullity and vitiates entire proceedings. [S. 119,148, 148A(b) 148A(d), Art. 226]]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains –Penny stock-Report passed by SEBI with respect to investigation of penny stock being allotted on preferential allotment basis by company-Kamalakshi Finance Corporation Ltd. (“KFCL”).-Notional gain on appreciation of share value, without any transfer, cannot form basis for reopening assessment. [S. 148, 148A(b), 148A(d), Art.226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Application of mind-An order passed under section 148A(d) without considering the assessee’s reply and by raising new allegations for the first time in the order itself is invalid due to non‑application of mind and is liable to be set aside. [S. 148,148A(b) 148A(d), 151, Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Opportunity of hearing-Order under section 148A(d)-Must be a speaking order-Failure to deal with assessee’s submissions renders order invalid. [S. 45, 148, 148A(b), 148A(d), Art. 226]

S. 148 : Reassessment-Notice-Unsigned notice –Failure to file return-Writ petition held not maintainable for failure to follow procedure laid down in GKN Driveshafts case-Directed to file the return of income along with all objections, including the validity of the notice, before the Assessing Officer for disposal via a speaking order. [S. 139, Art. 226]

S. 148: Reassessment-Notice to non-existent entity-Amalgamation-Notice issued to an amalgamating company is invalid where the basis for reopening collapses. [S. 2(1B),147 292B, Art. 226]