S. 220 : Collection and recovery-Assessee deemed in default-Adjustment of refund in excess of 20 Per Cent of tax in dispute-Held to be not valid-Directed to refund adjustment made in excess of 20 per cent-Stay granted till disposal of appeal by CIT(A). [S. 156, 220(6), 245, Art. 226]

S. 192 : Deduction at source-Salary-Failure to deduct ta at source-Plea of bona fide belief based on circular issued by employer for its own use-No clarification by Income-Tax Authorities-Levy of interest is valid. [S. 10(5), 133A, 201(1), 201(1A), R. 2B]

S. 147 : Reassessment-With in four years-All relevant material in respect of employee costs reimbursed to overseas subsidiaries furnished in the course of original assessment proceedings-Change of opinion-Reassessment notice is not valid. [S. 92CA, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Order passed after pursuing details furnished-Reassessment notice is not valid. [S. 143(3), 148]

S. 145 : Method of accounting-Business expenditure-Advertisement expenditure-Allowable as revenue expenditure-Method of accounting-v Proportionate completion method-Profits Accounted for chit discount on completed contract method-Revenue neutral-Method of accounting justified. [S. 37(1), Chit Funds Act, 1982, 21(1(b)]

S. 144C : Reference to dispute resolution panel-Assessment Proceedings on remand-Procedure must be followed-Order is held to be not valid. [S. 92CA(4)]

S. 144B : Faceless Assessment-Violation of Principles of natural justice-Order set aside-Matter remanded. [S. 143(3), 156, Art, 226]

S. 144B : Faceless Assessment-Final order passed without issuing draft assessment order-Matter remanded. [S. 144B(1)(xvib), 156, Art. 226]

S. 144B : Faceless Assessment-Final order passed without issuing draft assessment order-Assessment order and subsequent demand notice is set aside. [S. 143(3), 144B(vii), 156, Art. 226]

S. 144B : Faceless Assessment-Violation of principle of natural justice-Adequate opportunity of hearing not given-Order of assessment is not valid-Order is set aside. [Art. 226]