S. 194I : Deduction at source-Rent-Lump sum paid for getting long lease-Not rent-Tax not deductible at source on such payment.

S. 161 : Liability of representative assessee-Trustee-Beneficiaries to share benefit as per their investment-Shares determinable. [S. 4, 5, 164]

S. 158BB : Block assessment-Tribunal deleting the addition is held to be not valid-Order of Tribunal not based on facts-Order perverse and gives rise to substantial question of law. [S. 132, 158BH, 260A]

S. 147 : Reassessment-Failure to disclose material facts-Writ is held to be not maintainable. [S. 148 , Art . 226]

S. 147 : Reassessment-Subsequent information from documents impounded during survey of cash transactions- Reassessment proceedings valid. [S. 133A ,148 Art. 226]

S. 147 : Reassessment-Information from investigation wing-HSBC Bank located in Switzerland-Procedural irregularities-Cannot be raised first time before High Court. [S. 143(2), 148 , 260A, 292BB]

S. 147 : Reassessment-With in four years-Valuation report-Non-application of mind by Authorities-Orders quashed and set aside. [S. 142A, 143(3), 148, 264, Art. 226]

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Royalty payment – Reassessment is not valid. [S. 92CA, 147]

S. 145 : Method of accounting-Change in method of accounting- Proportionate completion method-Burden is on revenue to prove that change was with intent to defraud revenue-Insurance business-Third party administration services-Not insurance business. [Insurance Act, 1938, 2(9)]

S. 145 : Method of accounting-Valuation of closing stock-Undervaluation-Deletion of addition is held to be justified.