S. 153A : Assessment-Search or requisition-Sanction-Assessing Officer passing draft Assessment order and on same day Additional Commissioner granting approval under section 153D for various assessees-Final Assessment Order passed By Assessing Officer on same day-impossible for a person to apply his mind on all cases individually in a single day-Approval illegal and non est-Order is quashed. [S. 153D]

S. 153A : Assessment-Search or requisition-Unabated assessment-No addition can be made in absence of any incriminating material found during the course of search-Assessment not valid. [S. 132]

S. 153A : Assessment-Search or requisition-Carry forward of losses-Late filing of return-Not justified in denying the carry forward of the loss on account of late filing of the return u/s.153A, when the original return was filed u/s 139(1) of the Act. [S. 70, 80, 132, 139(1), 139(5)]

S. 153A : Assessment-Search or requisition-Addition based on rough notings unsustainable in absence of corroborating or substantive evidence-Income offered by way of composite disclosure cannot be added to the income of the assessee. [S. 132(4), 153C]

S. 153A : Assessment-Search or requisition-No incriminating material was found-Merely on the basis of statement dummy director addition of share capital as cash credit was held to be not justified. [S. 68, 132(4)]

S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years-Sanction obtained from Additional Commissioner instead of Principal Commissioner or Chief Commissioner or Commissioner-Notice not valid. [S. 147, 148]

S. 148 : Reassessment-Notice-Name struck off from register of companies and dissolved with intimation to assessing officer-on date of notice of reassessment, assessee no longer in existence-notice and consequential order invalid. [S. 144, 147]

S. 148 : Reassessment-Notice-Name struck off from register of companies and dissolved with intimation to assessing officer-on date of notice of reassessment, assessee no longer in existence-notice and consequential order invalid. [S. 144, 147]

S. 148 : Reassessment-Notice-No reasons are recorded and served before issuing the notice-Re assessment proceedings and consequential orders are quashed. [S. 143(2), 147]

S. 147 : Reassessment-Medical institution-Notice issued on ground registration cancelled from inception-Order cancelling registration set aside by Tribunal and registration restored-Reassessment not sustainable. [S. 10(23C)(iiiae), 12A, 12AA, 148]