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]
S. 144B : Faceless Assessment-Opportunity of personal hearing not granted and reply of assessee is not considered-Violation of principle of natural justice-The word may in section 144B(7)(viii) should be read as must or shall and requirement of giving an assessee a reasonable opportunity of personal hearing is mandatory-Matter remanded. [S. 142(1) 143(3 156, Art. 226]
S. 144 : Best judgment assessment-Names struck off from Register of Companies-Grant of time to respondents to file counter-Affidavits-Assessment order stayed. [S. 147, Art. 226]