S. 143(3): Assessment-Document Identification Number-Failure to allot and mention in assessment order-Assessment order deemed never to have been passed —Central Board Of Direct Taxes Circular No. 19 Of 2019, Dated 14-8-2019-Order is bad in law-Additional ground is admitted-Order is quashed. [S.153A, 254(1)]

S. 143(3): Assessment-Income from undisclosed sources-Documents seized in the course of search-Real estate broker-Addition of peak of transactions reflected in seized material is not sustainable-Estimate of profit of 1 percent of gross receipts is held to be proper. [S. 131, 132, 133(6)]

S. 143(3): Assessment-Income from undisclosed sources-Deduction of tax at source-Accounts-Difference between turnover reported in Form 26AS and in return-Directed to reconcile accrual of income during and decide in accordance with law. [S. 5, 145, Form No 26AS]

S. 139 : Return of income-Revised return-Original return filed within time-Revised return considered as original return by Centralised processing centre-Denial of loss due to belated filing of return unjustified-No warrant for award of costs under Faceless Regime. [S.139(1) 139(4), 143(1)]

S. 115JB : Company-Book profit-Marked-to-market foreign exchange loss incurred on outstanding forward contracts-Unascertained liability and booked artificially-Provision made is reversed in next year-Liable to be added back. [S.37(1)]

S. 115JB : Company-Book profit-Reimbursement of minimum alternative tax liability by customer-Income offered to tax more than minimum alternative tax liability-Method of accounting is accepted in subsequent year-Addition is not justified.[S. 145]

S. 115JB : Company-Book profit-Subsidy-Capital in nature-Not chargeable to tax and not in the nature of income-Cannot form part of book profit.[S. 4]

S. 115JB : Company-Book profit-Business of maintenance and distribution of electricity-Bound to maintain accounts according to Electricity Act —Provision of S.115JB is not applicable-Additional ground admitted.[S. 254(1)]

S. 115BAA: Tax on income of certain domestic companies-Determination of tax in certain cases-Rate of tax-Form 10-IC-CBDT circular is binding on Revenue-Binding on Revenue-Matter Restored to Commissioner (Appeals) for decision afresh in light of Circular. [S.143(1)]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Advertisement, marketing and promotion expenses-Adjustment is not valid-Reimbursement of expenses-Adjustment is up held-Royalty-Transfer Pricing adjustment in respect of third party royalty sustainable as the basis is not furnished.