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]

S. 147 : Reassessment-After the expiry of four years-Cash deposited in bank-Suspicious of unaccounted money-Reason to suspect and no reason to believe-Notice and order disposing the objection is quashed and set aside. [S. 68, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Capital gains-Investment in a residential house-No new tangible material-Reassessment notice and order disposing the objection is quashed. [S. 54F, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Notional foreign exchange loss-No failure to disclose material facts-Change of opinion-Notice and order disposing the objection is quashed.[S.37(1), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Bad debts written off-Book profit-Exempt income-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S.14A, rt. 36(1)(vii), 44AB,115JB, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Brought forward depreciation-Capital gains-Business income [S. 28(i), 32, 71, 148, Art.226]