S. 147 : Reassessment-Search and seizure-Search assessment was required to be made under section 153A or 153C-Reassessment was quashed-Reassessment without communication of reasons recorded when request was made-Reassessment is bad in law-Delay of 492 days in filing of appeal due to mistake of accountant was condoned. [S. 132(4), 148, 153A, 153C, 254(1)]

S. 144C : Reference to dispute resolution panel-No variation in income-Draft assessment order was not warranted. [S. 92C, 143 (3)]

S. 144 : Best judgment assessment-Civil construction-Rejection of books of account-Estimation of 5% of net profit on gross receipts-Tribunal estimated at 3%. [S. 145(3)]

S. 144 : Best judgment assessment-Change of jurisdiction-Fresh notice was not issued-Assessment is held to be bad in law. [S. 120, 143(2)]

S. 143(3) : Assessment-Cash credits-Mismatch of tax deducted at source-Turnover-Difference in 26AS and actual turnover-Addition cannot be made only on the basis of information as per form No. 26AS. [S. 68]

S. 143(3) : Assessment-Information received from seller-Material Collected at the back of the assessee-Opportunity of cross examination was not provided-Addition cannot be made. [S. 131 147, 148]

S. 143(2) : Assessment-Notice-Jurisdiction-Order passed without issuing notice under section 143 (2)-Assessment is without jurisdiction and null and void. [S. 68, 143 (3)]

S. 115-O : Domestic companies-Tax on distributed profits-Rate in force-Non-Resident share holders-Double Taxation avoidance agreement-DTAA being more beneficial to assessee would be applicable over rate specified in section 115-O-Matter remanded. [S. 2(37A), 4, 90]

S. 115JB : Book profit-Business loss-Depreciation loss-Available for reduction from book profits till it was wiped off. [S. 28(i), 32, 72]

S. 92C : Transfer pricing-Arm’s length price-Reimbursement of expenses-Mark up was directed to be re-examined.