S. 245D : Settlement Commission-Violation of principle of natural justice-No opportunity is given to raise objections to order-Order of Settlement Commission is set a-side. [S. 245C, 245D(3), 245D(4), Art. 226]
S. 245D : Settlement Commission-Violation of principle of natural justice-No opportunity is given to raise objections to order-Order of Settlement Commission is set a-side. [S. 245C, 245D(3), 245D(4), Art. 226]
S. 245 : Refund-Set off of refunds against tax remaining payable–Opportunity of hearing not provided before adjustment-Entitled to refund of adjustments in excess of 20 Per Cent. [S. 156, 220, 227, Art. 226]
S. 244A : Refund-Interest on refunds-Deduction of tax at source-Excess deduction-Interest payable to deductor-Interest to be calculated from payment of tax. [S. 195(2)]
S. 237 : Refunds-Reassessment-Failure to file returns within time-Notice of reassessment must be issued-Procedure laid down in Income-Tax Act must be followed by Income-Tax Authorities-Directed to examine the claim of refund within a period of three months. [S. 119, 147, 148, Art. 226]
S. 220 : Collection and recovery-Assessee deemed in default-Adjustment of refund in excess of 20 Per Cent of tax in dispute-Held to be not valid-Directed to refund adjustment made in excess of 20 per cent-Stay granted till disposal of appeal by CIT(A). [S. 156, 220(6), 245, Art. 226]
S. 192 : Deduction at source-Salary-Failure to deduct ta at source-Plea of bona fide belief based on circular issued by employer for its own use-No clarification by Income-Tax Authorities-Levy of interest is valid. [S. 10(5), 133A, 201(1), 201(1A), R. 2B]
S. 147 : Reassessment-With in four years-All relevant material in respect of employee costs reimbursed to overseas subsidiaries furnished in the course of original assessment proceedings-Change of opinion-Reassessment notice is not valid. [S. 92CA, 148, Art. 226]
S. 147 : Reassessment-After the expiry of four years-Order passed after pursuing details furnished-Reassessment notice is not valid. [S. 143(3), 148]
S. 145 : Method of accounting-Business expenditure-Advertisement expenditure-Allowable as revenue expenditure-Method of accounting-v Proportionate completion method-Profits Accounted for chit discount on completed contract method-Revenue neutral-Method of accounting justified. [S. 37(1), Chit Funds Act, 1982, 21(1(b)]
S. 144C : Reference to dispute resolution panel-Assessment Proceedings on remand-Procedure must be followed-Order is held to be not valid. [S. 92CA(4)]