S. 148: Reassessment – Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA Act, 2020) – Conducting inquiry, providing opportunity before issue of notice – Notice was issued without following mandatory obligations – Notice was issued – Matter was posted for final hearing after eight weeks .[ S. 3,147, 148A, Art , 226 ]

S. 148 : Reassessment –Notice – Notice was not served on the assessee – Capital gains – Sale of agricultural land – Reassessment proceedings was quashed [ S.147 , 292BB , Art , 226 ]

S. 148 : Reassessment – Notice was served on the last known address – Tribunal remanding the matter – Remand is held to be justified [ S..147 , 254(1) ]

S. 148 : Reassessment – Notice – Constitutional validity – Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 – CBDT’s notification No. 20/2021, dated 31-03-2021 – Notice issued under old provisions of section 148 on or after 1-4-2021- , Notice was issued to revenue and Attorney General of India- Order passed staying the proceedings till next date of hearing . [ S. 147, 148A, 149, TLA Act, 2020 , S. 3 , Art , 226 ]

S. 147 : Reassessment – Objection – Directed to dispose the objections by passing a speaking order [ S.148 , Art, 226 ]

S. 147 : Reassessment – Capital gains – Stamp valuation – New information – Reassessment notice is held to be justified – Alternative appellate remedy- Writ is not maintainable. [ S.45, 48, 148, Art , 226 ]

S. 147 : Reassessment – Objection – Order passed disposing the objection in a mechanical manner – Order of Assessing Officer rejecting objections must be well reasoned -Order set aside [ S.148 , Art , 226 ]

S. 147 : Reassessment – Penny stock – Information from DIT (Inv)- Capital gains- Assessing Office had made independent enquiries – Reassessment is held to be justified [ S. 10(38), 45 , 148, Art, 226 ]

S. 147 : Reassessment – Cash credits – Objections not properly dealt with by Assessing Officer – Order passed without application of mind – Matter remanded to the Assessing Officer [ S.168, 148 , Art , 226 ]

S. 147 : Reassessment-Transfer pricing – Credit for withholding tax -Limitation is held to be not applicable – Reassessment is held to be valid [ S. 90, 92CA, 92E, Art , 226 ]