S. 199 : Deduction at source-Credit for tax deducted-Income offered-Payer has deducted tax at source in financial year 2018-19-Credit for tax deducted at source has to be given in the year in which the income was offered for taxation. [S. 4, 198, Rule 37BA]

S. 195 : Deduction at source-Non-resident-Purchase of property without deduction of tax at source-Proviso to section 201(1)-Non-resident disclosed consideration in his return-Not to be treated as assessee in default-Payees filed their return of income disclosing said amount to a tax on 30-7-2012, interest amount levied upon assessee under section 201(1A) should be calculated for the period from 7-10-2011 to 30-7-2012 till the date of filing of return by payees. [S. 201(1), 201(IA)]

S. 194C : Deduction at source-Contractors-Harvesting contractors-Liable to deduct tax at source-Liable to pay interest. [S. 201(IA)]

S. 154 : Rectification of mistake-Mistake apparent from the record-Audit objection-Payment made for purchasing trading goods-Violation of section 40A(3)-Rectification order is valid-Merit matter remanded. [S. 40A(3), R. 6DD]

S. 149 : Reassessment-Time limit for notice-Foreign assets-Amendment to section 149 by Finance Act, 2012 with effect from 1-7-2012, which extended limitation for reopening assessment in case of income from foreign assets to sixteen years, is prospective in nature. [S. 147, 148, 149(1)(c)]

S. 143(1)(a) : Assessment-Intimation-Adjustment cannot be made unless an intimation is given of such adjustment in writing or in electronic mode-Employee’s contribution-Adjustment is invalid in law. [S. 36(1)(va),43B, 143(1)]

S. 115JB : Book profit-Capital loss debited to profit and loss account-Qualification by Auditor-Neither eligible for deduction under normal provisions nor under alternate provisions of taxation. [S. 28(i), 37(1)]

S. 115JB : Book profit-Special category States-Not to be reduced. [S.80IC]

S. 90 : Double taxation relief-Income from employment-Section 90 does not bar operation of article 16 of DTAA with USA DTAA-India-USA. [S. 9, Art. 16]

S. 80P : Co-operative societies-Co-operative Bank-Dividend income-Short-term deposit with co-operative bank-Eligible deduction. [S. 2(19), 80P(2)(d), 80P(2)(a)(i)]