S. 143(3): Assessment–Search and seizure-Undisclosed income-Unaccounted sale receipts-Sale of property-Addition made as percentage of profit on sale receipts-Same receipts cannot be assessed as undisclosed income-Cash deposited in bank-Sale of property-Disclosed in the balance sheet-Addition is deleted. [S. 69, 132]

S. 143(3): Assessment-Service of notice-Limitation-Assessment completed before the limitation period-Served after limitation period-Order is not time barred.[S. 153, 282,R.27, General Clauses Act, 1897 S.27]

S. 115JB : Company-Book profit-Export-Matter remanded to examine revised admissible deduction under Section 80HHC.[S.28 to 44AD, 80HHC]

S. 94 : Avoidance of tax-Transaction in securities-Capital loss-Dividends-Transaction in securities-Dividend stripping-Profit on sale of investments set off against short-term capital loss-Matter remanded.[S.55(2(aa), 94(7), 94(8)]

S. 92CA : Transfer pricing Reference to Transfer Pricing Officer-Arm’s Length price-Avoidance of tax-Working capital adjustment-Wide variation-Matter remanded for fresh examination.

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Transactional Net Margin Method-Purchase of raw materials-Adjustment upheld-Adjustments to profit margin by transactional net margin method rejected-Defective material supply-Abnormal cost included in actual cost-further adjustment of cost by re categorisation as income not per principle of transfer pricing-Transfer pricing adjustment deleted.[S.92CA]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Comparables-Functionally different-Higher turnover-Excluded from final list-Appeal-Appeal is filed with in 60 days from the date of judgement High Court-No delay in filing of appeal. [S.92CA, 254(1)]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-Corporate guarantee-Charging of guarantee fee of 0.8 Per Cent is justified-Further adjustment is not valid.[S.92CA]

S. 80P : Co-operative societies-Delay is condoned-Regular, nominal and associate members-Issue is remitted to Commissioner (Appeals).[S.80P(2)(a)(i), 143(3)]

S. 80IC : Special category States-Gross profit from trade purchases with subsidiary not different to that from third parties-No evidence of shifting expenses to subsidiary.