S. 143(3): Assessment-Order passed without considering the reply of the assessee-Assessment order and demand notice was set aside-Directed to pass an order after considering the reply of assessee and after providing a reasonable opportunity of hearing.[S. 143(2), 144B, 147, 148, Art. 226]

S. 143(3) :Assessment order-Appellate Tribunal-Powers-Additional grounds-Revised return-Assessed income below the returned income-Assessing 0fficer cannot deny the deduction relying on the Circular No 549 dt. 30-10-1989 (1990) 182 ITR (St.) 1)-DTAA-India-Japan. [S.9(1)(i), 254(1),Art. 5, 7, Art. 226]

S. 143(3): Assessment-Failure to produce purchase of material-Scam-Siphoned off funds received from State Government for flood relief-Order of Tribunal disallowing the claim is affirmed. [S. 260A]

S. 143(2): Assessment-Notice-Order passed after giving proper notice under section 143(2) and adequate opportunity of being heard to assessee-Order valid.[Art. 226]

S. 139 : Return of income-Defect not rectified-Return invalid-Order of rejection u/s 264 is affirmed. [S.44A,139(9), 264, Art. 226]

S. 127 : Power to transfer cases-Failure to give an opportunity of hearing-Transfer of case not valid. [Art. 226]

S. 119 : Central Board of Direct Taxes-Circular-Carry forward of losses-Assessee must prove genuine hardship-Rejection of application for condonation of delay was affirmed. [S.139(1), 139(3), Art. 226]

S. 119 : Central Board of Direct Taxes-Circular-Return-Condonation of delay-Rejection of application for condonation of delay without following guidelines-Not valid. [S. 139, Art. 226]

S. 119 : Central Board of Direct Taxes-Circular-Condonation of delay of 1257 days-Accumulation of income-Form no 10-Delay was condoned-Directed to file application under section 154 of the Act. [S. 11(2), 119(2)(b), R. 17, Form No.10B, Art. 226]

S. 115JB : Company-Book profit-Provision for doubtful loans and advances Loss-Actual and certain-No upward adjustment required. [S.115JB(2)(c)]