S. 145 : Method of accounting-Rejection of accounts-Rule of consistency-Offering income to tax in year in which services rendered-Tax rate same and no loss to revenue-Rejection of books of account is not justified. [S. 260A]

S. 143(3): Assessment-Natural justice-24 hours time to respond notice-No adequate opportunity to respond to notice-Assessment order is quashed and set aside-Matter remanded. [S. 144B, Art. 226]

S. 139 : Return of income-Delay in filing return-Limitation-Delay of five months-CBDT-Period to be computed with reference to date on which return had been filed [S.119(2)(b), Art. 226]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-
International transaction-Comparable-Advertisement and marketing-No substantial question of law. [S.92CA, 260A]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Comparable-No substantial question of law.[S.260A]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Selection of comparables-Determination of Arm’s Length Price based on examination of entire material on record-No question of law.[S. 260A]

S. 68 : Cash credits-Not explained the source-Addition is justified.[S. 260A]

S. 68 : Cash credits-Explained the source of deposit-Agriculturist-Deletion of addition is affirmed.[S. 69, 260A]

S. 45 : Capital gains-Transfer-Date of transfer-Transfer of securities-Securities sold in physical form-The date of broker’s note that should be treated as the date of transfer in cases of sale transactions of securities provided such transactions are followed up by delivery of shares and the transfer deed-Dematerialised share scrips and the date of acquisition of shares would be date only when dematerialised shares are entered in the demat account with depository is incorrect-Order of Tribunal is set aside-Entitle to exemption. [S. 10(38), 45(2A), 260A]