S. 263 : Commissioner-Revision of orders prejudicial to revenue-Draft assessment order was prepared and served-It is not open to the Assessing Officer to revisit the draft assessment order-Revision is held to be valid. [S. 92C, 144C(3)]

S. 148 : Reassessment-Notice-Information from Investigation wing-Bogus long term and Short term capital gains-Reasons for reopening was not supplied-Directed to supply reasons for reopening-Directed to pass in accordance with law-Matter remanded. [S. 69B, 147]

S. 147 : Reassessment-With in four years-Recorded reasons-Return filed regularly-Recorded reasons without application of mind-Reassessment was quashed. [S. 139, 148]

S. 147 : Reassessment-Search and seizure-Search assessment was required to be made under section 153A or 153C-Reassessment was quashed-Reassessment without communication of reasons recorded when request was made-Reassessment is bad in law-Delay of 492 days in filing of appeal due to mistake of accountant was condoned. [S. 132(4), 148, 153A, 153C, 254(1)]

S. 144C : Reference to dispute resolution panel-No variation in income-Draft assessment order was not warranted. [S. 92C, 143 (3)]

S. 144 : Best judgment assessment-Civil construction-Rejection of books of account-Estimation of 5% of net profit on gross receipts-Tribunal estimated at 3%. [S. 145(3)]

S. 144 : Best judgment assessment-Change of jurisdiction-Fresh notice was not issued-Assessment is held to be bad in law. [S. 120, 143(2)]

S. 143(3) : Assessment-Cash credits-Mismatch of tax deducted at source-Turnover-Difference in 26AS and actual turnover-Addition cannot be made only on the basis of information as per form No. 26AS. [S. 68]

S. 143(3) : Assessment-Information received from seller-Material Collected at the back of the assessee-Opportunity of cross examination was not provided-Addition cannot be made. [S. 131 147, 148]

S. 143(2) : Assessment-Notice-Jurisdiction-Order passed without issuing notice under section 143 (2)-Assessment is without jurisdiction and null and void. [S. 68, 143 (3)]