S. 154 : Rectification of mistake-Mistake apparent from the record-Deduction of tax at source-Credit for-Intimation-Directed to grant relief after verification. [S.143(1), 199,Form, 26AS]
S. 154 : Rectification of mistake-Mistake apparent from the record-Deduction of tax at source-Credit for-Intimation-Directed to grant relief after verification. [S.143(1), 199,Form, 26AS]
S. 151 : Reassessment-Sanction for issue of notice-Mechanical sanction-Reassessment is quashed.[S.147(b), 148]
S. 148 : Reassessment –Notice-Additional grounds-Legal grounds admitted-Recorded reasons under wrong premises-Reassessment proceedings void ab initio-Sanction-Approval granted mechanically-Notice and all consequent proceedings liable to be quashed.[S.147, 151]
S. 148: Reassessment-Notice-Fishing enquiry-Recorded reasons are identical with information received-Foundation of reasons not existing when reasons recorded-Recorded reasons invalid-Assessments are quashed. [S. 147]
S.147 : Reassessment-Cash credits-Protective assessment–Held reopening assessment to make addition on the protective basis is bad in law-Amounts to reopening merely on suspicion-Reassessment is quashed. [S.68, 148]
S.147:Reassessment-Reasons recorded-To be examined on a standalone basis-Reassessment is held to be bad in law. [S.92CA, 148]
S. 147 : Reassessment-Educational institution-Application of 85 percent of gross income is not a requisite condition for exemption-Claiming exemption under section 10(23C)(iiiad)and not under section 11(1)(a)-Reassessment is not valid.[S. 10(23C)(iiiad), 11(1)(a), 12A]
S. 147 : Reassessment-Interest-No fresh material-Change of opinion-Reassessment is not valid.[S.37(1), 80IA 143(3), 148]
S. 147 : Reassessment-After the expiry of four years-Re-appreciation of same documents which were available at the time of original assessment-Reassessment is quashed.[S.143(3)]
S.144C: Reference to dispute resolution panel-Since there was no forwarding not even effort to forward draft assessment order to the new address furnished to the Assessing Officer under proviso to Rule 127(2) within permitted time frame under section 153 r.w.s. 144C, the impugned assessment order was time barred and therefore liable to be quashed. [S. 153, Rule 127(2)]