S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Law applicable-Effect of amendment of section 148 with effect from 1-4-2022-Audit objection could form basis of notice.[S. 147,148, 148A(b), 148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Share application money-Shell companies-Penny stock-Pendency of appeal-Second reassessment proceedings while first reassessment proceedings pending-Transaction items mentioned in order under section 148A(d) not mentioned in notice-Non-application of mind by Assessing Officer and sanctioning authority Principal Chief Commissioner-Order under section 148A(d) and notice under section 148 quashed and set aside [S. 147, 148, 148A(b),148A(d), 151, Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice-Satisfaction-Observations of court not to prejudice assessee or Department-Writ petition dismissed.[S. 147, 148, 148A(b), 148A(d), Arts. 226, 227]

S. 148A: Reassessment-Reassessment-Conducting inquiry, providing opportunity before issue of notice-International transactions-Face less assessment scheme-Must be by faceless procedure-Notices not following faceless procedure quashed.[S. 144B, 148, 148A(b), 148(A)(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Initial notice allowing five days to reply-Minimum seven days required to be granted under statute for assessee to respond-Assessee filing reply after five days-High Court set aside the order and notice with direction to Assessing Officer to consider reply filed by assessee and pass appropriate order-SLP of assessee, dismissed. [148, 148A(b),148A(d), 151, Art. 136]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-International transactions-Face less assessment scheme-Must be by faceless procedure-High court held that notices not following faceless procedure quashed-SLP of revenue dismissed. [S. 144B, 148, 148A(b), 148(A)(d), 151A Art. 136]

S. 148 : Reassessment-Notice-Reference to dispute resolution panel-Draft assessment order-Capital gains-Additional documents-Matter remanded to the Assessing Officer-Draft assessment order was set aside. [S. 45, 144C,147, Art. 226]

S. 148 : Reassessment-Notice-Income-tax-Existence of alternative remedy-Writ petition dismissed. [Art. 226]

S. 148 : Reassessment-Writ-Maintainability-Notice u/s 148 is only a show-cause notice-No interference under Art. 226-Assessee free to raise objections before AO . [S.147, Art.226]

S. 147 : Reassessment-Principle of natural justice-Order passed in hurry to avoid time getting barred and without giving assessee adequate opportunity to be heard-Not valid.[S.143(1), 148, 153, Art. 226]