S. 201 : Deduction at source-Failure to deduct or pay–Order passed after six years from expiry of financial year 2005-06 relevant to impugned assessment year-Held to be barred by limitation. [S.195(2), 201(1), 201(IA)]

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]