Interpretation of taxing statutes – Non obstante clause – Additional tax on distributed profits [ S. 2(22)(a), 115-O, Small Industries Development Bank of India Act, 1989, S. 29(2), 50 ]

S. 151 : Reassessment – Sanction for issue of notice -No prior sanction was granted before issue of notice – Notice was quashed [ S. 147, 148 , Art, 226 ]

S. 147 : Reassessment – Bad debts- Audit objection- Provision for standard asset / advances under general loan loss provision excluding provision for NPA and claiming deduction – Order of Tribunal quashing the reassessment was affirmed . [ S. 35D, 36(1)viia), 148, 260A]

S. 147 : Reassessment – Block assessment – Deduction disallowed in the block assessment order – Reassessment notice is bad in law [ S.80HHA, 80I, 80IA, 132, 143(3), 148, 158BA, 158BC , Art, 226 ]

. 147 : Reassessment –With in four years- HUF -Partner – Interest paid to partner -Materials were on face of a document available before Assessing Officer – Reassessment notice was quashed [ S. 148 ,184 Art, 226 ]

S.147: Reassessment – After the expiry of four years – Tax audit report – No new material – Notice was quashed [ S.115JB, 148, Art, 226 ]

S.147: Reassessment – After the expiry of four years – Change of opinion- Minimum alternative tax-No whisper as to was not disclosed – Reassessment notice was quashed [S. 115JB, 148 , Art, 226 ]

S.147: Reassessment – After the expiry of four years – Change of opinion -Rental income from shops – Income from house property -Income from business – Income from other sources -Reassessment notice was quashed [ S. 22, 28(i), 56 ,148 Art , 226 ]

S.147: Reassessment – After the expiry of four years – Failure to deduct tax at source – Payments to stockists – No failure to disclose material facts -Reassessment notice was quashed . [ S. 40(a)(ia), 148 , 184H , 201(1) 201(IA) , Art , 226 ]

S. 147 : Reassessment – After the expiry of four years -Change of opinion -Capital or revenue -Advertisement and sales promotion expenses – Reassessment notice was quashed . [ S. 37(1), 148 Art , 226 ]