S. 147 : Reassessment-After the expiry of four years-No proper reason recorded by the Assessing office-Re assessment is held to be bad in law. [S. 148]

S. 145A : Method of accounting-Valuation of Work in Progress-Valuation was accepted in subsequent year-Addition was deleted. [S. 145(2A)]

S. 145 : Method of accounting-Survey-Valuation-No difference in physical inventory and inventory as per books-Difference in value of stock is not to be added to income. [S. 133A]

S. 145 : Method of accounting-Books of Accounts-Change in accounting policy-Provision for such liabilities that cannot be determined with certainty is to be determined based on best estimate.

S. 144C : Reference to dispute resolution panel-Assessment order passed-Disregard to directions by DRP-Not within the sanctity of law-Order was quashed. [S. 143(3), 153, 153B]

S. 143(3) : Assessment-Cash credits-Sufficient cause for failure to appear before the AO-Matter remanded to the Assessing Officer. [S. 68, 133(6)]

S. 143(3) : Assessment-Search and seizure-loose sheet Pen drive-Not corroborated by other evidence-Deletion of addition is held to be justified. [S. 132]

S. 143(3) : Assessment-Estimate of sales-Only profit element can be considered as income-Matter remanded.

S. 143(3) : Assessment-Audit of accounts-Audited financial statements along with audit report was not filed-In the interest of substantial justice AO to make assessment after considering audited financial statement and audit report. [S. 44AB]

S. 143(2) : Assessment-Notice-Income returned in pursuance of notice issued u/s. 148 was accepted-Requirement of issue of notice u/s. 143(2) is not required-Assessment is valid. [S. 147, 148]