S. 154 : Rectification of mistake-Loss return-One day delay in filling of return-Mistake must be obvious-Assessment order passed without considering the delay in filing of return-Mistake which could be rectified-Liberty given to the assessee to file an application before CBDT. [S. 80, 119(2)(b), 139(3)]

S. 153A : Assessment-Search or requisition-Warrant of Authorisation-Effect of amendment of Section 132(1) by Finance (No. 2) Act, 2009-Amendment has retrospective effect from June 1, 1994 and is clarificatory-Additional Director of Income-Tax had Authority to issue warrant of authorisation-Without incriminating material proceedings u/s 153A is not valid. [S. 132]

S. 147 : Reassessment-Arithmetical mistake-Issue subject matter of appeal before CIT(A)-Reassessment invalid-Electricity duty short provision of interest on Government loan-Deletion of addition is held to be justified. [S. 43B, 148]

S. 147 : Reassessment-With in four years-Failure to deduct tax at source-Foreign currency loan guarantee-Reassessment notice was held to be valid. [S. 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Objections to notice-Order disposing the objections must be passed by passing speaking order-Order disposing the objection was set aside. [S. 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Survey-Excess claim for exemption-Alternative remedy-No conclusive finding on validity of the reassessment notice-Order of single judge is reversed-Directed to pursue the statutory remedy. [S. 10B, 133A, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Facts disclosed were incorrect-Reassessment notice was held to be valid. [S. 148, Art. 226]

S. 144B : Faceless Assessment-Principle of natural justice-Cash credits-Order was set aside. [S. 68, 143(3), Art. 226]

S. 139 : Return of income-Voluntary retirement scheme-Bank employee-Claimed exemption after by filing the letter after passing of assessment order-Filing the revised return-Delay was not condoned by CBDT-High Court directed the CBDT to condone the delay and grant refund without interest. [S. 10(10C), 89(1), 119(2)(b), 139(5), 143(1), Art. 226]

S. 115JB : Book profit-Provision for bad and doubtful debts-Corresponding amount reduced from loans and advances on assets side of balance sheet-Net provision is shown-Provision not to be added in computing book profit. [S. 36(1)(vii)]