S. 234E : Fee-Default in furnishing the statements- The provisions of the Act imposing a fee for delayed filing of the statement of tax deducted at source are not ultra vires the provisions of the Constitution-Interpretation in favour of constitutionality of provision. [Art. 226]

S. 153A : Assessment – Search- Assessment not dependent on recovery of incriminating material during search in respect of pending assessment-Provision of S. 153A is a non obstacle clause having overriding effect over sections 139, 147, 151, 153 and 158 of the Act. [S. 147, 151, 153, 158]

S. 145 : Method of accounting -Interest on hire purchase transactions—Bifurcation of principal and interest components -Change in accounting method in books of account does not alter position in taxation. [S. 4]

S. 142(2A) : Inquiry before assessment–Special audit–Genuine attempt by Assessing Officer to understand nature of Assessee’s business and method of accounting-Principles of natural justice not violated-Order for Special Audit is justified.

S. 115AC : Capital gains-Bonds–Global Depository-Foreign currency-Transfer of Shares covered by scheme—Computation of capital gains to be made under provisions of scheme—Subsequent Amendment of provisions in Income-tax Act is not applicable. [S.47(x), 49(2A), 264, Foreign Currency Exchangeable Bonds Scheme, 2008]

S. 92CA : Reference to transfer pricing officer-Transfer Pricing-Jurisdiction of Transfer Pricing Officer-In specified domestic transactions Transfer Pricing Officer has no jurisdiction unless specific reference is made to him by Assessing Officer-High Court can consider issue of jurisdiction though alternative remedy is available. [Art. 226]

S. 80IA : Industrial undertakings–Infrastructure development-Contractor or transferee approved by concerned authority- Entitled to deduction.

S.68: Cash credits-Firm-Partner-First year of business-Credible materials produced by partners–Addition cannot be made in the assessment of firm.

S. 54 : Capital gains-Profit on sale of property used for residence–invested in multiple properties in different locations and in prescribed securities within stipulated time-Entitle to exemption- Amendment with effect from 1-4-2015 restricting exemption to “One Residential House in India” is not retrospective. [S. 45]

S. 49 : Capital gains – Previous owner-Cost of acquisition–Shares received as gift- Indexed cost- Date of acquisition by previous Owner to be considered. [S. 45,49 (1)]