S. 220 : Collection and recovery – Assessee deemed in default – Assessee to pay only a meager portion of tax demand (10%) for stay – Several cases were selected for scrutiny with aid of computers hence case not picked up for scrutiny maliciously – No need to interfere with the stay order of Revenue Authorities.

S. 153D: Assessment – Search and seizure – Approval – No requirement under S. 153D of the Act for prior approval for passing order pursuant to / complying with remand or revisional directions by CIT [S. 143(3) ,263 ]

S. 148 : Reassessment – Validity of service – Notice was sent on the address where assessee was not residing – Service made at the address which was referred on the envelope not of assessee – Presumption of service cannot be drawn –Reassessment is held to be bad in law .[ S.147,292BB ]

S. 143(1D) : Assessment – Processing of return – Matter pending for scrutiny before competent authority – No mandamus can be issued by Court at this stage for granting refund [ S.237 ]

S. 139 : Return of income – Condonation of delay of 1232 days – When explanation offered was acceptable and genuine hardship established – Condonation application for delay is to be accepted [ S.119 ]

S. 92C : Transfer pricing – Arms’ length price -company engaged in providing BPO services – Comparable company engaged in KPO and other IT services hence cannot be accepted as valid comparable

S. 80IB : Industrial undertakings – No deduction is allowable if return of income is not filed within due date of the filing of the return. [ 80AC, 139(1), 139(4) ]

S. 37(1) : Business expenditure – Capital or revenue -Purchase of computer software for up-gradation of existing computer software – Revenue expenditure even though it provides enduring benefit- Expenses for employees welfare -foster safe working environment is revenue expenditure – The test of one-time payment or not is not the sole test to determine nature of expenditure.

S. 37(1) : Business expenditure – Sales commission paid to agent in Iraq in relation to sale of trucks and particular person to be treated as allowable business expenditure – Capital or revenue-Drawings and designing charges related to computer software – Cannot be treated as capital asset.

S. 32 : Depreciation – Tribunal’s observation that transaction lacks bonafides – No material to dislodge factual findings recorded by Tribunal – Matter remanded to AO by Tribunal justified .