S. 139AA : Return of income – Quoting of Aadhaar Number – CBDT issued a Press Release dated 27-3-2018 which extended time to link PAN with Aadhar number, while filing Income-tax return from 31-3-2018 to 30-6-2018 – Two High Courts on basis of said press release had directed for accepting ITRs without Aadhar No. and no attempt was made to vary said orders by department -Thus, department should accept returns if uploaded on or before 30-6-2018 without Aadhar Number, Aadhar Enrollment or any linkage with PAN details and in case system does not accept returns of income they are at liberty to file their return of income in physical form with jurisdictional Assessing Officer on or before 2-7-2018 [ R. 12(3) ]

S. 127 : Power to transfer cases – Kolhapur to Mumbai -On facts, mere ‘Absence of dissenting notice’ from officers of equal rank who had to agree to proposed transfer, would not constitute agreement-Order of transfer of case was set aside.[ S.127(2)(a) ]

S. 92C : Transfer pricing – Arms’ length price –Mere observation of the Tribunal that the assessee being a newly established undertaking in free trade zone which is claiming deduction under S. 10A, provisions of Chapter X regarding Transfer Pricing ought not to have been applied -Court held that no reversal of finding of Assessing authority by the Tribunal hence appeal is not maintainable . [ S. 92C(4), 254(1),260A ]

S. 80IB(10 :Housing projects- Local authorities could approve a housing project along with commercial user to extend permitted under DC Rules /Regulations framed by respective local authority -When local authorities approve the project as housing project – Deduction cannot be denied

S. 80IB : Industrial undertakings – Manufacture – Ayurvedic medical products- Filling of mushroom powder in gelatin capsules after following specified process amounts to manufacture or production of commercially distinct commodity -Entitle to deduction .

S. 80G : Donation -Donation to a charitable trust for applying the same for air-conditioning of a town hall owned by local authority- As the charitable trust merely acted as agent of assessee in carrying out air condition of hall and there was no donation made by assessee which could be applied for charitable purposes for which the trust was established – Claim is not allowable as deduction .[ S.37(1) ]

S. 72 : Carry forward and set off of business losses – Dividend – where investments were business investments, carried forward business loss could be set off against dividend income earned from such business investment as even though dividend was classified under separate head, but same was very much part of income from business.[ S.56 ]

S. 69C : Unexplained expenditure -Search-Work in progress-Valuation report of site engineer higher than work -in- progress recorded in the books of account -Addition is held to be not valid [ S. 69A,132 ]

S. 69C : Unexplained expenditure – Survey- Undisclosed stock -When undisclosed purchases are discovered- Only profit embedded in transaction can be added as income .[ S. 4, 133A, 145 ]

S. 69B : Amounts of investments not fully disclosed in books of account –Survey- Suppression of sales – Sale suppression detected during survey was actual price for which liquor was sold, addition made on account of sale suppression is held to be justified .[ S.133A ]