S. 151 : Reassessment-Sanction for issue of notice-Sanction of CIT instead of A/JCIT-Notice bad in law. [S. 147, 148]

S. 148 : Reassessment –Notice-Dissolution of Company-Company had been struck off from Register of Companies-Officially not intimidated to AO-Reassessment notice is valid.[S. 147]

S. 147 : Reassessment-With in four years-Income escaping assessment-No fresh material with AO to form opinion that income escaped assessment-Opinion based on incorrect basis-Proceeding on the basis of conjectures-Reassessment without jurisdiction. [S. 148]

S. 147 : Reassessment-After the expiry of four years-Validity-Assessee, Power of Attorney holder and selling land for owner-No evidence indicating land belonged to assessee-Assessment made in the hands of assessee not justified.

S. 145 : Method of accounting –Rejection of accounts-Net profit rate-Addition by applying net profit rate on total turnover-Accounts correct and complete-Loss suffered due to increase cost verifiable from books-Addition to be deleted.[S. 145(3)]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – depreciation –Leased equipment – Revision order is quashed .[ S. 32 ]

S.69: Unexplained investment – Mismatch of dates in customer ledger account – Addition is not justified .

S.56: Income from other sources – Interest received under section 28 of Land Acquisition Act , 1894 – Chargeable to tax. [S. 56(2)(viii) , 145A(b), Land Acquisition Act , 1894 ,.28, 33, Right to Fair Compensations and Transparency in Land Acquisition , Rehabilitation and Re -Settlement (RFCT TLAAR ) Act, 2013 ]

S.35: Expenditure on scientific research – Approval of expenses – Deduction on expenditure incurred – in-house research and development facility – Allowable as deduction- Prior to amendment to section 35(2AB )by Finance Act,2015, w.e.f 1-4- 2016 [ S. 35(2AB ), Form No 3CL ]

S. 145 : Method of accounting-Rejection of accounts-Non maintenance of stock register-Accounts to tax and statutory audits-No defects pointed out by authorities-Accounts of similar nature accepted in earlier years-Mere absence of stock register no ground for rejection of accounts-Not justified.[S. 44AB, 145(3)]