S. 154 : Rectification of mistake-Expenditure on account of stores and spares-Omission to make addition in the assessment order-Income assessed as income from other sources and not as business income-Rectification is held to be valid. [S. 28(1), 37(1), 56]

S. 153A : Assessment-Search or requisition-Recording of satisfaction is not mandatory under section 153A-No abatement of concluded proceedings. [S. 132A, 153C]

S. 148 : Reassessment-Notice-Challenged on several grounds-Dismissing the writ petition without discussing on any ground without stating the reasons for refusal to entertain writ petitions-Matter remanded to High Court for decision of Writ petitions afresh on merits. [S. 147, Art. 226]

S. 147 : Reassessment-Collaboration agreements-Order of single judge set aside-Assessing officer directed to consider all the material and objections of the assessee. [S. 148, Art. 226]

S. 147 : Reassessment-Duty of Assessing Officer-Rejection Of Objections must be by speaking order recording reasons for rejection of each objection-Matter remanded. [S. 148, 153C, Art. 226]

S. 147 : Reassessment-Contingent liability claimed as revenue expense-Failure to consider submissions in order disposing of its objections-Notice and order disposing of objections quashed. [S. 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Failure to disclose material facts-transfer pricing-Capital or revenue-Interest from debentures-Notice valid. [S. 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-No tangible material-Change of opinion-Reassessment notice not valid. [S. 10A, 80HHE, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Cash credits-Loan transaction accepted as genuine after enquiry-Notice on ground that loan transaction was not genuine-Not valid. [S. 132, 148, 153A, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Shares or Derivatives-Reopening of Assessment has to be Tested or examined only on basis of reasons recorded and cannot be supplemented by affidavits-Notice vitiated by non-application of mind. [S. 148, 151, Art. 226]