S. 143(1) : Assessment-Intimation-Credit for tax deducted at source-Kachha Artiya-Mismatch in turnover stated in Form No. 26AS and gross total income (commission income) disclosed in the return-CPC has no right to reduce the credit of TDS on the ground that the assessee has not offered the entire income in her return as per Form No. 26AS-the AO is directed to grant full credit of the TDS.[S.143(1)(a)(v), 194Q, 26AS]
S. 115JB : Company-Book profit-Electricity generating company-Provisions of s. 115JB, as they stood before the amendment by the Finance Act, 2012, do not apply to companies which are engaged in the generation of electricity and governed by the Electricity (Supply) Act, 1948.
S. 80IB: Industrial undertakings-Income from sale of scraps and by-products-Directed to allow the deduction. [S.80IC]
S. 80G : Donation-Provisional registration-Valid till 2024-25-application under s. 80G(5) in the prescribed form on 26th Sept., 2023-Application filed under S. 80G(5) in the prescribed form on 26th Sept., 2023 is valid application-CIT(E) is directed to treat the application as filed within statutory time.[S.80G(5)]
S.69C: Unexplained expenditure-Alleged bogus purchases-Income from undisclosed sources-No justification in making addition at the rate of 12.5 percent.
S. 69A : Unexplained money-Cash deposits in bank account maintained with a co-operative credit society-Collection agent of the pigmy depositors-Matter remanded to the AO for verification. [S.194H, Form No 26AS]
S. 69 :Unexplained investments-Survey-Unrecorded advances-Cash in hand recorded in the books of account exceed the amount of cash found-Addition is deleted. [S. 133A]
S. 69 :Unexplained investments-Income from undisclosed sources-Alleged bogus purchases-Sales accepted-Input VAT credit and TCS credit-Addition is deleted.[S.68, 69C]
S. 69 :Unexplained investments-Income from undisclosed sources-Cash deposits in bank-Demonetization-Sales accepted-Books of account is not rejected-Addition is deleted. [S. 68, 115BBE]
S. 69 :Unexplained investments-Un explained money-No excess stock-Survey-Merely on the basis of statement no addition can be made.[S.69A, 133A]