S. 143(1)(a) : Assessment-Intimation-Delayed depositing of contribution under employees welfare Acts-Disallowance set aside Revenue granted liberty to proceed in accordance with law. [S. 2(24)(x), 36(1)(va), 143(1)(a), 143(3) Employees’ State Insurance Act, 1948-Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.]

S. 139: Return of income-Revised return declaring nil income-Cancellation of sale agreement-Revised accounts-Capital gains-Transfer-Immoveable properties-On appeal high Court was affirmed-Appeal of revenue dismissed. [S. 2(47), 45, 142, Art. 136]

S. 132: Search and seizure-Reason to believe-Material considered was irrelevant and unrelated satisfaction note did not fulfil jurisdictional preconditions-Search proceedings were not legal-SLP of revenue was dismissed. [S. 132(1)(a) to (c), Art. 136]

S. 119 : Central Board of Direct Taxes-Power to condone delay in case of genuine hardship-Power to be exercised in judicious manner-Permitted to file the return of income claiming the refund-Assessing Officer was directed to allow the refund in accordance with law. [S.119(2)(b),139, Art 226]

S. 115JB : Company-Book profit–Electricity generation and distribution-Provisions of section 115JB inapplicable to assessee in assessment year 2008-2009 prior to amendment by Finance Act, 2012.[S. 260A]

S. 115JB : Company-Book profit-Provision for bad and doubtful debts-Electricity company-Tribunal deleting additions made to enhance book profit justified.[S. 260A, Companies Act, 1956, S. 210, 211., Electricity Act, 2003, Electricity (Supply) Act, 1948.]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Specified domestic transaction-Concurrent findings of appellate authorities that assessee had received intra-group services-Matter remanded by Tribunal to Transfer Pricing Officer to consider afresh from perspective of findings Held, no infirmity in order of Tribunal remanding matter for fresh consideration. [S.92CA(3) 254(1), 260A.]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Specified domestic transaction-Reimbursement of expatriate employees salaries-Net margin method-Order of Tribunal affirmed. [S. 37(1), 92C, 92CA, R.10A(d), 260A]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Specified domestic transaction-Royalty-Most appropriate method-SLP of revenue dismissed. [Art. 136]

S. 80IC : Special category States-Industrial undertaking-Approval of local or State authority-Section 80-IC(2)(b)(ii) does not require such agreement or approval-Requirement under rule 18BBB(4) and form 10CCB cannot be read as mandatory where parent provision does not stipulate it-The issue not constituted grounds of appeal-Tribunal erred in examining the issue not constituted grounds of appeal-Order of Tribunal was set aside. [S. 80IC)2)(b)(ii), 80IA(4),254(1), 260A, R.188BBB]