S. 197 : Deduction at source-Certificate for lower rate-Payment to non-resident-Assessee proposing certificate for deduction at lower rate and department issuing certificate in those terms- Assessee cannot challenge certificate and seek deduction at nil rate. [S. 195, Art.226]

S. 194C : Deduction at source-Contractors-Contract for sale of goods-Agreement for bulk sale of advertising space — Provision is not applicable.

S. 194C : Deduction at source-Contractors-Channel placement fee- Payment to cable operators for channel placement fee was subject to deduction of tax at source u/s. 194C and not under S. 194J of the Act. [S. 194J]

S. 194C : Deduction at source-Contractors-Failure to file TDS related documents at the time of filing of return of TDS- Procedural law-Fine can be imposed- Expenses cannot be disallowed-Matter remanded to the AO for readjudication. [S. 40(a)(ia), 194C(6), 194C(7), 254(2), 260A]

S. 147 : Reassessment-Audit objection-No new material to show that income had escaped assessment-Notice is not valid. [S. 148, Art. 226]

S. 147 : Reassessment-With in four years-Change of opinion-One-time settlement with banker-Capital receipt- Notice based on audit report-Reassessment is held to be not valid. [S. 4, 148]

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Deduction is allowed in the original assessment proceedings-Notice of reassessment is held to be not valid. [S. 80IB(11A ), 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Change of opinion-Details were furnished in response to questionnaires-Failure to deduct tax at source-Notice is not valid. [S. 40(a)(ia) 148, 194I, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Change of opinion-Interest income on fixed deposit assessed as business income-Re assessment on the ground that it has to be assessed as income from other sources. [S. 56,148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Reasons recorded there was no reference to any new tangible material-Financial statement-Reassessment notice is quashed. [S. 44, 148, Art. 226]