S. 147 : Reassessment-After the expiry of four years-Capital gains-Undisclosed investments-Sale of land-Reassessment is held to be bad in law. [S. 45, 69, 148, Art. 226]

S. 139AA : Return of income-Quoting of Aadhar number-Change in law or subsequent decision/judgment of a co-ordinate or larger Bench by itself cannot be regarded as a ground for review-Review petition against judgment upholding certification of Aadhaar Act as a Money Bill was to be dismissed. [Art. 110]

S. 92C : Transfer pricing-Arm’s length price-Interest rate-Accepted earlier year as well as subsequent assessment years-Revenue could not be allowed to make a departure in case of rate of interest for relevant assessment year.

S. 68 : Cash credits-Foreign gifts-Gift was not genuine-Deletion was held to be not justified-Service of notice was held to be valid. [S. 148, 149]

S. 44AB : Audit of accounts-Business-Profession-Guidelines issued by the Institute of Chartered Accountants of India-Conflicting judgements of different High Courts-Transfer petition filed before Supreme Court. [Chartered Accountants Act, 1949, S. 22]

S. 37(1) : Business expenditure-Research and development-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Claim not made in original return-Prior period expenses-Allowable as deduction-Issue not to be remitted back to the Assessing Officer. [S. 43B, 254(1), R. 46A(3)]

S. 36(1)(vii) : Bad debt-Writing off of irrecoverable loan in books of account sufficient to claim deduction for bad debts-Money lending licence is not required to be in money lending business to claim said deduction-Matter remanded to Appellate Tribunal. [S. 37(1)]

S. 14A : Disallowance of expenditure-Exempt income-Non-recording of satisfaction-Disallowance is held to be unjustified. [R. 8D]

S. 12A : Registration-Trust or institution-Delay in filing Form No 10B-Denial of exemption is held to be not justified. [S. 119, Art. 226]