S. 147 : After the expiry of four years-Investment in Mutual funds-Did not file the income tax return-Did not respond to various notices-Neither conduct nor alleged prejudice suffered by assessee prompt Court to exercise any discretion to receive matter and adjudicate same without leaving assessee free to approach regular statutory remedy in accordance with law-Writ petition is dismissed. [S. 10(26),10(45), 139(1), 139(4C), 142(1), 148, Art. 226, Civil Procedure Code, 1908, Order VII Rule 11,]

S. 147 : Reassessment-After the expiry of four years-Order passed without disposing off objection raised by passing a speaking order-Assessment order and notice is set aside. [S. 143(3), 148, Art. 226]

Interpretation of Taxing Statutes — Ejusdem Generis — Noscitur A Sociis.

S. 147 : Reassessment-After the expiry of four years-Unexplained expenditure-Search-No failure to disclose material facts-[S. 132, 143(3), 148]

S. 147 : Reassessment-After the expiry of four years-Unexplained investments-Sale of land-Depreciable assets-Information from investigation wing-Sale consideration n was disclosed in the return-Reassessment notice and order disposing the objection was quashed. [S. 48, 50C, 69A, 143(1), 148, Art.226]

S. 147 : Reassessment-After the expiry of four years-Cash credits-Search-Deposit of cash in bank-No scrutiny assessment was done-Reassessment notice is held to be justified.[S. 68, 143(1), 147, Art. 226]

S. 147 : Reassessment-After the expiry of four years-No failure to disclose true and full material-Question was raised and reply was filed-Reassessment notice and order disposing the objection was quashed. [S. 14A, 142(1), 143(3), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Amalgamation-Carry forward and set off of accumulated loss and unabsorbed depreciation-No failure to disclose any material fact-Change of opinion-Reassessment notice and order disposing the objection was quashed. [S. 72A(2), 72(3), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Infrastructure development-Change of opinion-Pendency of appeal before CIT(A)-No failure to disclose material facts-Reassessment notice and order disposing the objection was quashed.[S. 80IA, 148,246A, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Share capital-Share premium-No failure to disclose material facts-Reasons not specifying material facts which are not disclosed-Notice and order disposing the objection was quashed and set aside. [S. 68, 132, 147, Art. 226]