S. 133A : Power of survey–Income from undisclosed sources- Disclosure in the course of survey–Project completion method- Addition can be made only in the year of completion of project- Deletion of addition is held to be justified. [S. 69A, 145]
S. 133A : Power of survey–Income from undisclosed sources- Disclosure in the course of survey–Project completion method- Addition can be made only in the year of completion of project- Deletion of addition is held to be justified. [S. 69A, 145]
S. 132 : Search and seizure–Validity-Objection that panchas were not present at the time of search- Cannot be raised for first time. before CIT(A) after a period of three years . [S. 153A]
S. 127 : Power to transfer cases–Co-ordinated investigation-Recorded reasons and opportunity of hearing was given-Transfer is held to be valid.[S. 127(2)(A)]
S. 127 : Power to transfer cases–Opportunity of hearing was granted to the assesse-Relative hardship-Order is valid.
S. 115JB : Book profit-Gains from sale of agricultural land-Not agricultural income-cannot be reduced-Provision for gratuity- Ascertained liability-Deductible. [S. 2(IA), 2(14)(iii)(a), 10]
S. 115J : Book profit-Anticipated loss on completion of contract-Includible in profits-Provision for gratuity-Bad debts-Not includible in profits.[S. 115JA, S.145]
S. 92C : Transfer pricing-Arm’s Length Price-Question of fact–No substantial question of law.[S. 260A]
S. 92C : Transfer pricing-Arm’s length price-Net margin method-Free on board value of contract cannot be included in operating cost- No question of law. [S. 92D, R.10B(1)(e)]
S. 92 : Transfer pricing-Arm’s length price-Arm’s Length Price to be restricted to transaction of assessee with associated enterprise.[S. 92C]
S. 80IB(10) : Housing projects-Project was completed before March 31, 2009-Two building project was handed over to land lord for further development-Allowing the claim is exemption is held to be justified.