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]

S. 147 : Reassessment-Statement recorded in course of search-Admission by person in control of Company-Suppression of sales-Statement not retracted-Reassessment notice is valid. [S. 132(4), 148]

S. 147 : Reassessment-Capital gains-non-application of mind by Assessing Officer-No reason to believe income had escaped assessment-Reassessment not valid-Provisional assessment-No provision for making provisional assessment order-Addition based on solely on report of District Valuation Officer is not valid-Ad. [S. 50C, 148]

S. 147 : Reassessment-When no reassessment was made in respect of issue of notice, reassessment cannot be made in respect of other income which has escaped the assessment. [S. 147, Explanation 3, 148(2)]