S. 153A : Assessment-Search-Non-abated assessment-No incriminating material is found-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 132, Art. 136]

S. 153 : Assessment-Reassessment-Limitation-International Transactions — Arm’s Length Price-Direction of DRP-Order giving effect to the order of the Tribunal-Section 144C does not exclude Section 153-Assessment order is barred by limitation — Returns of income filed to be accepted-Interpretation of taxing statutes — Section and sub-section to be read as whole with connected provisions to decipher meaning and intentions. [S. 92CA, 144C(13), 153(3), 153B, Art. 226]

S. 151 : Reassessment-Sanction for issue of notice-Non application of mind-Within three years-Sanction is granted by PCIT-Notice and order is bad in law-Issue of digital signature left open. [S. 148, 148A(b), 148A(d), 149(1)(a), 149(1)(b), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Amalgamation-Non-existing company-Mere activation of PAN in name of transferor company would not give right to revenue to issue notice to a non-existent entity-Notice and order is quashed. [S. 148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice in the name of different entity-Notice and order disposing the objection is quashed. [S. 148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash credits-Accommodation entries-Rishabh Trading Company-Filing of affidavit-Notice and order disposing the objection is quashed and set aside.[S.68, 148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains-Profit on sale of property used for residence-Furnished copy sale deed and NHAI bonds-Non application of mind-Reassessment notice and order under section 148A(d) is quashed and set aside. [S. 45, 54, 54EC,148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing an opportunity before issue of notice-Business expenditure-Failure to file reply-Writ petition is dismissed.[S.148, 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Return was not filed-Purchase of immoveable property-Only five days time to file the reply-Notice and order disposing the objection is quashed and set aside. [S. 69, 148, 148A(b),148A(d), Art.226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Payment to non-Resident-Mangement and consultancy fees-Change of opinion-Query raised in the course of assessment proceedings-No power to review the order-Reassessment notice and order disposing the objection is quashed. [S. 40(a)(i), 147, 148A(b).148A(d), 195, Art. 226]