S. 147 : Reassessment – After the expiry of four years – Penny Stock -Share transactions and tax paid on added income – No new tangible material – Accommodation entries – Reconsideration of the material available at the time of original assessment proceedings is tantamount to change of opinion – Reassessment notice and order disposing the objection was quashed. [S. 10(38), 45 69, 148, Art. 226]

S. 144B : Faceless Assessment –Natural justice – Opportunity of hearing was not given – Video conference – Order was set aside and remanded. [S. 142, 143(3), Art. 226]

S. 144B : Faceless Assessment –Amalgamation – Non-Existent company – show-cause notices, assessment order, notice of demand, etc., in name of said non-existent company, which was amalgamated with petitioner-company and thereby lost its existence, was without jurisdiction – Order was quashed. [S. 143(3), Art. 226]

S. 144B : Faceless Assessment–Draft assessment–Depreciation– Goodwill-Assessment order passed without satisfactory compliance with provisions of section 144B(1)(xvi) was quashed. [S. 32, 142, 144B(1)(xvi), Art. 226]

S. 143(1)(a) : Assessment – Intimation – Prima facie adjustment Rectification of mistake – Assessing Officer was to be directed to consider application of assessee for rectification afresh and pass a speaking order – Matter remanded. [S. 154, Art. 226, Form 3CCD]

S. 124 : Jurisdiction of Assessing Officer–Assessing Officer Mumbai cannot continue to exercise jurisdiction in the case of the assessee even if PAN came to be transferred much later than a transfer of jurisdiction. [S. 92CA]

S. 80IB (10) : Housing projects- Delay of 365 days in filing of return- Denial of exemption-CBDT rejecting the application for condonation of delay-Order of rejection was set aside- Delay was condoned-Assessing Officer was directed to allow the claim as per law. [S. 119(2)(b), 143(1), Art. 226]

S. 80IBA : Profits and gains from housing projects –Writ of Mandamus – Availing deduction from 31-3-2022 to 31-3-2023– Completion of housing projects from five years to seven years-Petition was dismissed. [S. 80IAC, 80IBA(2)(b) 115BAB, Art. 14, 226]

S. 80IB (10) : Housing projects-Built up area of less than 1000 square feet–Completion certificate was issued by the Competent Authority -Denial of exemption was not valid.

S. 80IA : Industrial undertakings – Infrastructure development-Inland container depot and container freight station – Entitled to the deduction. [S. 80IA(4), 260A]