S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Survey-Bogus share capital-Share premium-Reopening notice issued on 20-7-2022-income alleged to have escaped more than Rs. 50 lakhs-Reopening notice was not time barred. [S. 68, 133A, 148, 149(1)(b), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Opportunity of hearing-Invested in penny scrips of two companies-A notice even if stated to be under section 148A(b) would be treated as a notice of enquiry under section 148A(a) if it contained questionnaire instead of information-Matter remanded. [S. 69, 148A(b), Art, 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Violation of principle of natural justice-Order passed without granting adequate time to fie reply-Order was set aside-Matter was to be remanded back to Assessing Officer for decision fresh. [S. 148, 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Fake invoices-Input credit-Unexplained expenditure-Reassessment notice is held to be valid. [S. 69C, 143(3), 148, Art. 226]

S. 148 : Reassessment-Notice-Merger-Information about merger of company was intimated in original return of income filed-Notice issued in name of non-existing company-Reassessment notice was quashed. [S. 147, Art. 226]

S. 148 : Reassessment-Notice-Dead person-Notice issued for commencement of assessment or re-assessment proceedings against dead person is null and void. [S. 147, Art. 226]

S. 147 : Reassessment-Business expenditure-Increase in freight charges vis-a-vis purchases-Change of opinion-No new material-Reassessment is bad in law. [S. 37(1), 148]

S. 147 : Reassessment-Cash deposit in bank-Denomination-Pendency of appeal-limited scrutiny-. No question was asked in the original assessment proceedings-Reassessment notice is held to be valid. [S. 69A, 148, Art. 226]

S. 147 : Reassessment-SEB price used as indicator of realizable value of power for claim-Assessing Officer had elaborately questioned assessee on very same issue during scrutiny assessment and assessee had submitted relevant details and documents-No fresh material-Reassessment for review of original assessment is not valid. [S. 80IA, 148]

S. 147 : Reassessment-Transfer pricing-Reference to TPO-Section 144C(4) only states that AO has to pass an assessment order in accordance with provisions of Act and it nowhere states that reopening notice can be issued only after passing an assessment order-Reassessment notice is held to be valid. [S. 92CA, 144C (4), 148, Art. 226]