S. 201 : Deduction at source-Failure to deduct or pay–Bona fide estimate–Cannot be held to be assessee–in default-Payments made employees towards death cum retirement gratuity, pension or leave salary would not be liable for TDS to extent permitted under provisions. [S. 10(10), 10(10AA)]

S. 147 : Reassessment-Information from the Dy. DIT(Inv)-Live link between the tangible material and formation of belief and reasons recorded-Mismatch of exempt long term capital gains- Reassessment is held to be valid.[S. 10(38), 45, 148]

S. 145 : Method of accounting–Maintenance charges–Addition on notional basis is held to be not justified. [26AS]

S. 144 : Best judgment assessment–Failure to comply with notices –Denying allowances of interest and salary paid to partners is held to be justified. [S. 148, 184]

S. 115JA : Book profit -Capital gains- Exempt u/s 54EC is not to be included for the purpose of computation of book profit. [S. 45, 54EC]

S. 92C : Transfer pricing–Arm’s length price-Loan to AEs without charging interest–Interest rate could not exceed LIBOR plus 200 basis points–Remanded to TPO for examination.

S. 92 : Transfer pricing-Arm’s length price–Tonnage tax-Provisions of Chapter X (Transfer pricing) would have no application in computing income of assessee chargeable to tax as per Chapter XII-G (Tonnage tax scheme) [S. 115JB, 115VA]

S. 80P : Co-operative societies-Benefit of S. 80P(2)(a)(i) cannot be denied to co-operative credit societies. [S.80P(2)(a)(i), 80P(4)]

S. 72A : Carry forward and set off of accumulated loss and unabsorbed depreciation–Amalgamation–Period of four years from date of amalgamation for achieving fifty-per cent level of production is to be seen at end of four year. [S.72A(3), R.9C]

S. 72 : Carry forward and set off of business losses–Effect of appellate order – loss is allowed to be carried forward and benefit of set off against business income in subsequent assessment years could be allowed to assessee even in absence of such claim in return of income. [S. 254(1)]