S. 142A : : Estimate of value of assets by Valuation Officer-Co-Owner-Assessing officer not assigning reasons why he considered assessee’s valuation high so as to necessitate reference, detailed comments on district valuation officer’s valuation report not controverted by AO nor reason assigned why report of district valuation officer accepted-FMV determined by assessee’s registered valuer in cases of assessee’s co-owners accepted in their assessments, addition in case of assessee not warranted. [S. 143(3)]

S. 139 : Return of income-Self assessment tax-Return filed showing tax payable without payment of self-assessment tax-Return not accompanied by the proof of self-assessment tax-Belated return cannot be treated as defective and accordingly, interest u/s. 234A have been rightly computed till the date of filing of belated return. [S. 139(9), 140A, 148, 234A]

S. 127 : Power to transfer cases-Jurisdiction-CBDT Notification-Survey cases where material impounded to be centralised-AO was aware of the transfer-Assessment by AO without jurisdiction.[S.133A]

S. 115-O : Domestic companies-Tax on distributed profits-Complete Code-DTAA does not get triggered at all when a domestic company pays DDT under section 115-O-Where contracting states to a tax treaty intend to extend treaty protection to domestic company paying dividend distribution tax, only then, domestic company can claim benefit of DTAA, if any-Machinery provision for recovery-Benefit of DTAA-DTAA-India-Fraance [S. 2(24)(ii),2(43), 4, 9(1)9iv), 90(2),115P, 115Q Art. 10, 26(1), 26(4), 26(5)]

S. 115JB : Company-Book Profits-Assessing Officer without discussion computing book profits at higher figure than that computed by assessee-Difference representing provision for current tax-Assessee declaring net amount instead of reporting each item separately-Order set aside and matter remanded to AO for adjudication afresh-Claim under section 80JJAA is also set asde.[S.80JJA]

S. 115JB : Company-Book profit Computation under clause (f) of Explanation (1) to section 115JB(2) of the Act, is to be made without resorting to the computation as contemplated u/s. 14A of the Act .[R.8D]

S. 115JB : Company-Book profit Unabsorbed depreciation-Adjustment of carried forward business loss or unabsorbed depreciation which ever is lower for purposes of section 115JB .[S. 32 (2), 72, 115JB(2)]

S. 115BBE : Tax on specified income-Determination of tax in certain cases-Unexplained income-Rate of tax-Assessee did not maintain proper books of account-Excess stock and receivables on account of unaccounted sales and cash generated on account of unaccounted sales was found in survey-Assessee’s explanation accepted by survey party-Additional income surrendered by assessee not from unexplained source but from business proceeds-Under peculiar facts surrendered income to be taxed at normal rate applicable to business income and not at higher rate of sixty per cent:

S. 115A: Foreign companies-Tax-Dividends-Royalty-Technical services fees-Non-resident-Fees For Technical Services-Special rate of tax-Contract, right or property to be effectively connected-Fees for technical services taxable at special lower rate-The addition made under section 44DA of the Act is deleted.[S.44DA]

S. 92CA : Transfer pricing-Reference to Transfer Pricing Officer-Arm’s Length price-Avoidance of tax-Order of Transfer Pricing Officer-Limitation-Period of sixty days to be counted from day prior to date on which period of limitation for assessment expires-Order barred by imitation by one day-Order non est-Assessee ceases to be eligible assessee-Draft assessment order and assessment order void ab initio.[S. 144C, 153]