S. 153A : Assessment – Search or requisition – The scope of making assessment of total is limited – Can be only of income that is not disclosed and which is detected or which emanates from material found in search.[ S.132 ]

S. 143(3) : Assessment – Validity – Assessment on a non-existent entity is bad in law

S. 92C : Transfer pricing – Arms’ length price – A company engaged in KPO services is not comparable to software development service company.

S. 92C : Transfer pricing – Arms’ length price – Availment of support services from AE had benefitted business of assessee – Thus, ALP of management fee paid to AE could not be determined at nil.

S. 92C : Transfer pricing – AMP expenditures incurred for creating awareness about the product is purely business expenditures and thus, outside the purview of international transactions. Hence, no TP adjustment on account of AMP expenses are required to be made.[ S.92B]

S. 92C : Transfer pricing – Arm’s length price – Working capital adjustment is to be allowed on actual without making adjustment to average working capital component of comparables . [ S.10A, 92CA ]

S. 90: Double taxation relief – Credit for foreign taxes on income eligible for deduction u/s 10A/10AA – Allowed as per the treaties-DTAA- India -USA [ S. 10A, 10AA, 90(1)(a)(ii), 91 ]

S. 90: Double taxation relief – Most Favourable Nation clause – Applied automatically – No separate notification.- Not assessabke as fees for technical services – DTAA -India – Sweden [ S.9(1)(vii), Art , 12 (4)(a) ]

S. 80P: Deductions – Income of co-operative societies (Credit Societies) – interest earned on short term deposits eligible for deduction .[ S. 80P (2) (d)]

S. 80P: Co-operative societies – Deposit only from Members – Determination based on Charter documents – Not based on mere admission – Deduction allowable.[ S.80P(2)(a)(i), 269SS, 271D]