S. 147 : Reassessment-After the expiry of four years-No tangible material-Non-Resident-Not offering the interest and bonus received on surrender of policy before maturity-Provision of Section 80CC(2) is not applicable-Reassessment was quashed [S. 10(10)(d), 80CC(2), 143(1), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Fabricated bogus documents-After disposal of objection the assessee participated in the proceedings-Sanction was issued within few hours of receiving information cannot be held to be non application of mind-Reassessment proceedings was held to be valid. [S. 69A, 143(3), 148, 151, Art. 226]

S. 145 : Method of accounting-Construction business-Change of method from project completion method to percentage completion method-Revenue neutral-Revised Accounting Standard 7-Held to be valid.

S. 145 : Method of accounting-Rejection of books of account-Bogus purchases-Order of Tribunal modifying the quantum was set aside-Cost of Rs.5000 was imposed on the assessee. [S. 145(3)]

S. 144C : Reference to dispute resolution panel-Foreign Company-Draft Assessment order was not passed-DTAA-India-Singapore-Demand raised was stayed. [S. 143(3), Art. 226]

S. 144B : Faceless Assessment- Non-Resident-Draft assessment order was served-Objections were considered-Writ is not maintainable. [S. 246A, Art. 226]

S. 144B : Faceless Assessment-Violation of principle of natural justice-Order passed without show cause notice and draft assessment order. Directed to file an affidavit. [S. 143(3), 144B(9), Art. 226]

S. 144B : Faceless Assessment-Violation of principle of natural justice-Request for adjournment to notice and draft assessment order-Neither rejected nor duly intimated-Order was set aside. [S. 143(3), Art. 226]

S. 143(3) : Assessment-Survey-Unexplained investment-Excess stock-Lock-down restrictions owing Covid-19-Unable to produce documents in support of its claim within time granted-Order was set aside. [S. 69, 133A, 142(1), 143(2), Art. 226]

S. 80IB(10) : Housing projects-Denial of exemption on the ground that in the revised return the claim was withdrawn-Denial of exemption on hyper technicalities is held to be unjustified-Matter remanded to the Assessing Officer. [S.80AC]