S. 147 : Reassessment – After the expiry of four years -Change of opinion -Capital or revenue -Advertisement and sales promotion expenses – Reassessment notice was quashed . [ S. 37(1), 148 Art , 226 ]
S. 147 : Reassessment – After the expiry of four years -Change of opinion -Capital or revenue -Advertisement and sales promotion expenses – Reassessment notice was quashed . [ S. 37(1), 148 Art , 226 ]
S. 144B : Faceless Assessment –Accommodation entries – Bogus sales -Penny stock companies -Order passed violation of principle of natural justice -Order was quashed – Notice of reassessment was held to be valid [ S. 69, 143(3),147, 148 Art, 226 ]
S. 127 : Power to transfer cases – Transfer of case from Mumbai to Bangalore- No reason was recorded – Order of transfer of case was set aside [ S. 127(2), Art , 226 ]
S. 115-O : Domestic companies – Tax on distributed profits – Not liable to pay dividend distribution tax on dividend paid by it to share holders [ S. 2(22))(a),Art, 226 , SIDBI Act , 1989 , S. 29(2), 50]
S. 92C : Transfer pricing – Arm’s length price -Comparable – Opportunity of hearing was not given – Matter remanded [ S. 254(1) ]
S. 80IB(10) : Housing projects- Completion certificate for seven buildings – Plan for eight building was revised – Entitle to deduction for seven buildings [ S. 260A]
S. 69A : Unexplained money – Survey – Addition of hypothetical basis – Deletion of addition by the Tribunal is affirmed . [ S. 133A , Indian Evidence Act , 1872, S. 65B ]
Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (PMGKY)-Finance Act, 2016.
S. 199A : Undisclosed Income- Failure to deposit the amount-willing to deposit with interest-Directed the department to appropriate sum from amount held by it to scheme and return the balance amount. [S. 199D, 199E, 199F, Art. 226]
S. 281B : Provisional attachment-Merely stating likelihood of huge liability-Attaching fixed deposit-Order cryptic, unreasoned, non-speaking and laconic-Order was quashed. [S. 153A, Art, 226]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Reassessment-Period of limitation commences from date of original assessment and not from date of reassessment- Revision barred by limitation-Donation to corpus fund-Capital in nature. [S. 11(1)(d), 11(5), 143(1),147, 148, 263(2)]