S. 153A : Assessment-Search or requisition-Hard disc-Undisclosed income-No corroborative evidence such as bogus purchase bills or bogus expenses and unexplained investment found during search-Addition is held to be not valid. [S. 132, 145(2)]

S. 153A : Assessment-Search or requisition-Unexplained expenditure-Purchase of land-Addition was held to be justified. [S. 132]

S. 153 : Assessment-Reassessment-Limitation-Pre-dated re-assessment order incorporating directions of Add’l CIT under section 144A passed before the date on the directions under section 144A as well as consequential first appellant proceedings set aside. [S. 144A]

S. 151 : Reassessment-Sanction for issue of notice-Without application of mind-Reassessment is quashed. [S. 147(b), 148]

S. 151 : Reassessment-Sanction for issue of notice-two separate notices-Same assessment year-No application of mind-Reassessment was quashed. [S. 147, 148]

S. 148 : Reassessment-Notice-Service of notice by affixture-Service of notice on consultant-Participated in the proceedings-Objection was raised for the first time before ITAT-For the limited purposes to verify the factual position as to whether the objections raised by the assessee through the letters referred or not, the ITAT restored the matter to the file of the AO for the limitation purpose of making necessary verifications. [S. 147, 254(1), 282, 292BB, Code of Civil Procedure, 1908, Order V-Rule 17 and Rule 19]

S. 148 : Reassessment-Two notice-Same assessment year-Issue of second notice during pendency of earlier reassessment-Second notice invalid-Reassessment invalid. [S. 147, 151]

S. 147 : Reassessment-Capital gains-Full value of consideration-Stamp valuation-Agreement to sale-Registration-No failure to disclose material facts-Capital gains offered in the Assessment year 2004-05-Reassessment is not valid. [S. 47, 45, 48, 148, Transfer of Property Act 1882, S. 53A]

S. 147 : Reassessment-After the expiry of four years-Share premium-Information obtained during subsequent year assessment proceedings-No tangible material-No reopening on suspicion-Reassessment not valid. [S. 68, 148, 151]

S. 147 : Reassessment-After the expiry of four years-details of inter-unit transfer provided during assessment proceedings-Full and true disclosure-No tangible material-Reopening invalid. [S. 10AA, 148]