S. 143(3): Assessment-Search and seizure-Violation of principle of natural justice-Assessment order is set aside-Matter remanded to Assessing Officer-Seizure of Pen drive and other Electronic records-Evidentiary value-Mandatory conditions under law of evidence not complied with-Assessment order is set aside.[S. 132, 132(4), 153A, 271AAB(IA), 271AAD(1(i), Indian Evidence Act, 1872, 65B ]

S. 138 : Disclosure of information-PM CARES Fund-Third party-Satisfaction of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner-Provisions override Right to information-Information sought regarding exemption in respect of PM Cares Fund-Central Information Commission does not have jurisdiction to direct furnishing of information [S. 138(2), Right To Information Act, 2005, S. 8(1)(j) 11, 22, Art. 226 ]

S. 119 : Central Board of Direct Taxes-Condonation of delay-Genuine hardship to be construed liberally-Delay in filing Form 10CCB-Special category States-Rectification of mistake-Duty of Assessing Officer-Application for rectification pending disposal for almost six years-Assessing Officer is duty bound to pass order expeditiously. [S.80IC, 143(1), 154, 264, Art. 226]

S. 115BAA: Tax on income of certain domestic companies-Determination of tax in certain cases-Delay in filing Form 10-IC-Technical problem on portal-Form filed within extended time granted by Income-Tax Authorities-Benefit of concessional rate of tax cannot be denied. [S. 115BAA(2), 139(1), Form No. 10-IC]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Selection of comparables-Companies excluded by Tribunal after considering material on record-Finding of fact-SLP of Revenue is dismissed. [Art. 136]

S. 69A : Unexplained money-Gift-Denied by donor-Order of Tribunal deleting the addition is set aside.[S. 260A]

S. 43(5) : Speculative transaction-Business Expenditure-Business loss-Hedging contracts with bank to guard against loss Foreign exchange fluctuation-Not speculative transaction-Loss is allowable.[S. 28(i), 37(1), 260A]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Payments to Non-Resident-No part of income arose or accrued in India-No tax deductible at source-Deletion of disallowance is affirmed.[S. 260A]

S. 37(1) : Business expenditure-Interest on overdue deposits-Ascertained liability-Provision for bad and doubtful debts allowable as deduction. [S. 36(1)(vii), 145]

S. 32 : Depreciation-Temporary erections wooden structures-Depreciation allowable at 100 Percent.