S. 167B : Charge of tax-Shares of members unknown-Association of person (AOP)-Income of its Members exceeded basic exemption limit-Liable to be taxed at maximum marginal rate. [Societies Registration Act, 1860]

S. 154 : Rectification of mistake-Transfer of land used for agricultural purposes-Whether HUF is entitle to exemption-Debatable-Rectification order is held to be not valid. [S. 54B]

S. 148 : Reassessment-Notice-Recorded reasons-Failure to provide complete details of reasons recorded and not merely few extracts of said reasons-Reassessment is held to be bad in law. [S. 147]

S. 147 : Reassessment-With in four years-Information from Local Authority stating that building competition certificate was not issued-Reassessment is held to be valid. [S. 80IB(10) 148]

S. 145 : Method of accounting-Dealing in a large number of small items-Non-maintenance of stock register could not be basis for rejection of books of account-Applying Gross Profit Rate of year is not correct method of valuation of stock which ideally should be valued at cost or market price.

S. 144C : Reference to dispute resolution panel-In respect of period prior to 1-4-2020 cases in which no variations in returned income or loss were proposed, draft assessment orders were not required to be issued. [S. 92C]

S. 143(3) : Assessment-Survey-Undisclosed income-Accommodation entries-Commission income-Amount not recovered allowable as deduction from the undisclosed income estimated. [S. 28(i) 68, 133A]

S. 143(3) : Assessment-Notice issued without examining the return-Assessment order was quashed. [S. 142(1), 143(2)]

S. 142(2A) : Inquiry before assessment-Special audit-Extension of time given by Commissioner instead the Assessing Officer in getting books of account audited-Assessment completed after due date was void ab initio.

S. 139 : Return of income-Intimation-Demerger-Revised return can be filed even after issue of intimation. [S. 2(19AA), 72(4A), 139(5), 143(1)]