S. 143(3) : Assessment-Income from undisclosed sources-Finding of fact-No substantial question of law. [S. 132, 260A]

S. 143(3) : Assessment-High-Pitched Assessment-Strictures-Instructions of CBDT to be followed-Tax payers are one of the important pillars of the Country-Their harassment not only causes a jolt to the economy of the country and employment but also comes in the way of economic policy of the Government including the policy “ Ease of Doing business “-The instruction dated April 23, 2022 issued by the Central Board of Direct Taxes, needs to be implemented. Truly and effectively-Writ of mandamus issued to the CBDT with detailed directions. [S. 119, Art. 226]

S. 132B : Application of seized or requisitioned assets-Cash seized-Assessment quashed-Direction issued to dispose pending application expeditiously. [S. 132, 132B(4)(b), 244A, Art. 226]

S. 127 : Power to transfer cases-Order of transfer to facilitate investigation in to evasion of tax-Order of transfer is valid. [S. 124(1), Art. 226]

S. 127 : Power to transfer cases-Assessee aware of real reason for transfer of case-Natural justice-Public interest can justify Violation of principle of Audi Alteram Partem. [Art. 226]

S. 115JB : Book profit-Electricity-Provisions as it stood prior to amendment not applicable to electric company.

S. 115JB : Book profit-Provisions not applicable to Electricity Boards or similar entities totally owned by State or Central Government.

S. 80P : Co-operative societies-Regional Rural Bank deemed to be Co-Operative society-Entitled to deduction. [S. 80P(2)(a)(i), 80P(4), 271(1)(c), Regional Rural Banks Act, 1976, S. 3, 22]

S. 80IA : Industrial undertakings-Power generation units I and II constituted un undertaking-Entitled to deduction.

S. 80IA : Industrial undertakings-Infrastructure development-On facts held to be not allowable-No substantial question of law. [S.260A]