S. 153 : Assessment-Reassessment-Limitation-Tribunal remanding matter to Transfer Pricing Officer-Limitation for passing final order nine months computed from date of order of Tribunal-No question of second reference being made by Assessing Officer to Transfer Pricing Officer-Tribunal has the power to remand matter to Transfer Pricing Officer. [S.92CA(1)144C, 254(1),Art. 226]

S. 153 : Assessment-Limitation-Remand by Tribunal-Remand on limited issue-Order of Tribunal is affirmed. [S. 153(3)(ii), 260A]

S. 153 : Assessment-Limitation-Remand by Tribunal-Remand on limited issue-Order of Tribunal is affirmed by High Court-SLP of Revenue is dismissed on account of delay [S. 153(3)(ii), Art. 136]

S. 151 : Reassessment-Sanction for issue of notice-Merely stating “Yes”-Non-application of mind-Notice And Reassessment Proceedings Invalid. [S. 147, 148, 260A]

S. 149 : Reassessment-Time limit for notice-Notice after three years-Limitation-Extension of limitation period under 2020 Act-Notice for Assessment Year 2016-17 issued after April 2021-Alleged escapement of income less than Rs. 50 Lakhs-Notice is barred by limitation.[S. 147, 148,151, 156, Taxation and other Laws (Relaxation In Amendment Of Certain Provisions) Act, 2020, Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Ex-parte order-If debits considered escapement of income would be within threshold limit of Rs. 50 Lakhs-Opportunity of hearing is not given-Assessment order and notices are quashed and set aside. [S. 147, 148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Search-Assessment of third person-Reassessment based on incriminating material and information collected prior to and post search-Permissible only under Section 153C-Reassessment cannot be made under Section 147-Notices and orders set aside. [S. 132, 147, 148,153A, 153C,Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Death of assessee-Intimated to Department-Proceedings for earlier assessment years dropped for reason that notices issued against dead person invalid-Notice and proceedings void ab initio-Notices and orders set aside. [143, 147, 148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Settlement Commission-Settlement of cases-Reassessment-Order passed by way of settlement of case is conclusive-Order cannot be reopened except in case of fraud or misrepresentation-Issues considered by Settlement Commission-Re assessment notice is not valid. [S. 147, 148,148A(b), 148A(d), 245D(4), 245D(6), 245D(7), 245H, 245I, Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Settlement Commission-Settlement of cases-Reassessment-Order passed by way of settlement of case is conclusive-Order cannot be reopened except in case of fraud or misrepresentation-Issues considered by Settlement Commission-Re assessment notice is not valid. [S. 147, 148,148A(b), 148A(d), 245D(4), 245D(6), 245D(7), 245H, 245I, Art. 226]