S. 147 : Reassessment-Bogus expenditure-Information received subsequent to scrutiny assessment-Survey report and statements of employees during course of survey–Reassessment is held to be valid. [S. 133A, 148]

S. 147 : Reassessment–With in four years-No failure to disclose all material facts fully and truly-Reassessment on change of opinion is held to be not valid. [S. 148]

S. 147 : Reassessment –With in four years- No new tangible material-Reassessment is bad in law. [S. 148]

S. 147 : Reassessment–With in four years-Change of opinion-Loss on account of sale of stores-No new material-Reassessment is not valid.[S. 144(1)(c), 148]

S. 147 : Reassessment–With in four years- General allegation-No violation of provisions of S. 11(3)(d)-Reassessment is bad in law. [S.10(23C), 11, 12AA, 13, 148 ]

S. 145A : Method of accounting–Interest-Compulsory acquisition of Land — Interest on enhanced compensation—Assessable in year of receipt under head Income from other sources. [S. 2(28A) 56(2)(viii), Land Acquisition Act, 1894, S.28]

S. 145 : Method of accounting-Bank-Guidelines of Reserve Bank of India-Unreconciled outstanding amounts in inter branch accounts transferred to reserves through profit and loss account-Amount not assessable as Income [ S.28(i), Banking Regulation Act, 1949]

S. 143(3) : Assessment-Income from undisclosed sources-Cash deposits not explained–Addition is held to be justified. [S. 69]

S. 143(3) : Assessment-Income from undisclosed sources- Purchase of property-Source of funds was not explained satisfactorily-Reduction of addition by Tribunal is held to be not justified.[S. 254(1)]

S. 143(3) : Assessment–Income from undisclosed sources–real estate business-Purchase of land–Alleged cash receipts-Price of the land was paid with other entries in the bank and there was nothing to show that a cash was received in excess of the agreement–Deletion of addition is held to be justified.[S. 69]