S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Grant of approval without application of mind -Benefits of giving opportunity of hearing after issue of initial notice under Section 148A(b)-Order passed under Section 148A(d) without giving requested opportunity of hearing-Approval by Principal Commissioner without application of mind-Order and consequent notice is set aside by High Court-SLP of Revenue is dismissed as the reasons assigned for seeking condonation of delay of 201 days in filing the SLP are neither satisfactory nor sufficient in law to condone the same. [S. 147, 148, 148(A)(b) 148A(d), 149(1((b), 151, Art. 136]

S. 147: Reassessment-With in four years-Change of opinion-Reopening on same set of facts invalid-The reasons assigned for explaining the delay of 489 days in filing SLP are neither satisfactory or sufficient in law for condonation-SLP of Revenue is dismissed. [S. 68, Art. 136]

S. 143(2) : Assessment-Notice –Assessing Officer, ITO Ward-5(3), Kolkata issued a notice under section 143(2)-Assessing Officer, ITO Ward-9(2), Kolkata completed assessment without issuing notice under section 143(2) –Additional ground-Order is bad in law –Tax effect is less than 1, 50,0000-SLP of revenue is dismissed as failure to explain the delay of 477 days. [S. 143(3), Art. 136]

S. 132: Search and Seizure-Warrant issued-Search premises left blank-Witnesses from different place-Panchnama-Search invalid-Documents to conduct search fabricated-High Court has directed the Department to refund cash of Rs.5.00 crores to assessee with interest at 12% p.a. along with costs of Rs.20,000-SLP of Revenue is dismissed as infructuous as subsequent assessments have been made.[S.132A, 132B, Art. 14,136, 300A]

S. 68 : Cash credits-Deposits in foreign bank account-Deposit belonged to the nephew and not assessee-Sufficient evidence provided-No additions in the hands of the assessee-210 days delay-Reaons for condonation of delay are neither satisfactory nor sufficient-SLP of Revenue is dismissed on account of delay and also on merits. [S. 69, Art.136]

S. 37(1) : Business expenditure-Civil contractor-Widening and strengthening of existing road-Purchase of marble for construction of High way Authority-Parties whose name cheques were alleged to be issued had deposed on oath that they had neither encashed cheque nor received amount-Order of Tribunal affirming the disallowance is affirmed-SLP of assessee is dismissed.[Art. 136]

S. 37(1) : Business expenditure-Capital or revenue-Broken period Interest –Stock in trade-Allowable as revenue expenditure. [S.28(i)]

S. 35D : Amortization of Preliminary expenses (General)-Claim of was granted by Assessing Officer-Claim could not be disallowed in subsequent year by Commissioner through his revisionary powers without disturbing decision in initial year —No challenge is made against the rectification. order passed by revenue-SLP disposed as infructuous.[S. 154,263, Art. 136]

S. 35ABB : Licence to operate telecommunication services-Classification of royalty payment as revenue expenditure-Appeal de-tagged for specific consideration. [S. 37(1)]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Fees for technical services-Revenue from software sales to Indian clients, said revenue could not be treated as royalty and subjected to Indian taxation-DTAA-India-USA [S.9(1)(vii), 195, art. 12, Art.136]