S. 143(3) : Assessment-Protective assessment-Lack of confirmation from parties sourcing funds for land purchase-Subsequent substantive assessment in hands of payers becoming final-Addition of same amount in hands of assessee is invalid.[S.69C, 153A]

S. 143(3) : Assessment-Search And Seizure-Unexplained cash credits-Creditworthiness, genuineness and identity proved-No evidence available for creditors in other assessment years from 2014-15 to 2018-19-Additions are deleted.[S.68, 132]

S. 143(2) : Assessment-Notice-Additional ground-Notice issued by Assessing Officer not having required Jurisdiction-Assessment order is quashed.[S. 143(3)]

S. 143(1) : Assessment-Intimation-Prima facie adjustments-Additional ground-Appellate Tribunal-Additional ground is admitted-Assessing Officer is duty-bound to intimate either in writing or in Electronic mode before making any adjustment or disallowance to returned income-No intimation is given-Order is quashed. [S.254(1)

S. 139 : Return of income-Carry forward of loss-Return is filed within time-CIT(A) is recording wrong date-The Assessing Officer is directed to carry forward the loss. [S.139(1), 139(4), 139(5)]

S. 133A :Power of survey-Statement in the course of survey-Bogus purchases-Statement was retracted within six days-Assessment based solely upon statement of one partner could not be sustained-Without rejecting books of account no addition can be made as bogus purchases-The acceptance by the assessee of the addition in one assessment year could not lead to a conclusion that in all these assessment years, the assessee had inserted bogus purchases in a similar way-Reassessment is valid. [S. 131, 131(IA),133, Evidence Act, 1878, S 31]

S. 133A : Power of survey-Copy of statement recorded was not furnished-Opportunity of cross examination-Matter restored To Assessing Officer for re adjudication after granting assessee adequate opportunity to cross-examine director.

S. 115WB : Fringe benefits-Employer-Employee relationship-Advertisement and business promotion expenses-Conference and meeting expenses and gift articles-Accepting that expenses incurred for benefit of Doctors-No employer and employee relation ship-Addition is deleted. [S.115W(2)(d), 115WB(2)(o)]

S. 115JB : Company-Book profit-Lease equalisation reserve created on leases on buildings being used by assessee-Not to be added while computing book profits.

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Arm’s Length Price-Most appropriate method-Resale price method is most appropriate method-Comparable-Functionally comparable-Deletion of transfer pricing adjustment is proper.