S. 147 : Reassessment-Mark-to-Market loss-No new material-Notice for reassessment and order disposing the objection was quashed. [S. 14A, 37(1), 72, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Capital gains-Excess cost of acquisition of property-Question of fact-Alternative remedy-Directed to file an appeal.Directions for maintenance of status qua subject to payment of 10 percent of demand . [S. 143(3), 147, Art. 226]

S. 145 : Method of accounting-Construction and development of property-Project completion method-Principle of consistency-Not justified in adopting percentage completion method.

S. 144B : Faceless Assessment-Personal hearing request was rejected-Order was quashed and set aside-Matter remanded back to Assessing Officer for a fresh decision. [S. 143(3),144B(7)(vii), Art. 226]

S. 144B : Faceless Assessment-Principle of natural justice-Technical difficulties-Order passed without granting an opportunity of hearing with sufficient time-Order was set aside. [S. 80P, 144 147, Art. 226]

S. 144B : Faceless Assessment-Not granting personal hearing-Unexplained investments-Mutual funds-Joint names-Factual dispute-Pendency of appeal-Writ petition was dismissed. [S. 69, 156, 246A, Art, 226]

S. 139 : Return of income-Condonation of delay-litigation between promoters and investors-Beyond control of assessee-PCIT and Additional CIT recommending condonation of delay-Rejection of application by CBDT was set aside by High Court was affirmed. [S. 119(1), 119(2)(b), Art, 136, 226]

S. 127 : Power to transfer cases-Udaipur to Delhi-Opportunity of hearing not granted-Transfer order was set aside. [Art. 226]

S. 115JB : Book profit-Disallowance made under section 14A could not be added for the purpose of computing book profits. [S. 14A]

S. 92C : Transfer pricing-Arm’s length price-Most appropriate method-Manufacturing and trading of dental products and trading activity-95% trading and 5% manufacturing-Tribunal adopting RPM as MAM to benchmark transaction is held to be justified. [S. 260A]