S. 143(3) : Assessment-Search and seizure-On money-Buildeer-Opportunity to cross-examine person making adverse statement against assessee never provided to assessee-Addition is not valid. [S. 131, 132, 147]

S. 143(3) : Assessment-Amalgamation-Order of assessment framed in name of non-existent entity after it ceases to be a subsisting entity-Ab initio void.

S. 143(3) : Assessment-Income from undisclosed sources-Refund of tax deducted by mistake-Deletion of addition is justified [S. 69]

S. 143(3) : Assessment-Income from undisclosed sources-estimate of income-Suppression of both purchases and sales-Gross profit alone to be assessed and not entire suppressed sales.-Prior period expenses-Disallowance is justified-Sundry creditors-Matter remanded. [S. 37(1), 69]

S. 143(2) : Assessment-Notice was issued by ITO Belgaum-Actual Assessing Officer id from Bellary-Notice was issue without jurisdiction-Order was quashed. [S. 10(10D), 127, 143(3)]

S. 143(1)(a) : Assessment-Intimation-Prima facie adjustments-Capital gains-Exemption denied-No intimation before making adjustments-Adjustments is not sustainable. [S. 11(1A), 11(2)]

S. 124 : Jurisdiction of Assessing Officer-Objection to jurisdiction cannot be challenged after completion of Assessment-Assessee submitting to jurisdiction of Assessing Officer by filing return-issue not raised in assessment proceedings-Assessment valid.[S. 124(3)]

S. 115JB : Book profit-Provision for expenses-Ascertained liability-Cannot be added back. [S. 37(1)]

S. 115JB : Book profit-Relief for a period of 8 years-Not entitle to relief from claiming further relief after its net worth turned positive during said scheme period. [S. 115JB(2), Expln. 1 (vii), Sick Industrial Companies (Special Provisions, Act, 1985, S. 17(1), 18(12)]

S. 115JB : Book profit-Fertiliser subsidy received treated as capital receipt and not chargeable to tax, it had to be excluded from computing book profit. [S. 4]