S. 158BE : Block assessment-Time limit-merely passing the prohibitary order without actual seizure-Deemed seizure-Limitation period not extended-Order is held to be barred by limitation. [S. 132, 132(3)]

S. 158BBC : Anonymous donations-85% of such donation was applied for objects of the Trust-Has to prove the genuineness of donations-Matter remanded to prove genuineness of donations [S. 11, 13]

S. 153A : Assessment-Search-Unabated assessment-Addition cannot be made unless incriminating materials are found. [S. 69, 132]

S. 153A : Assessment-Search-Cash credits-Share capital-Share premium-Original assessment was completed-No incriminating materials was found-Addition is held to be not valid. [S. 68, 132]

S. 147 : Reassessment-Liabilities taken over by Government of India-No failure to disclose material facts-Reassessment is held to be not justified. [S. 4, 37(1), 43B, 148]

S. 145A : Method of accounting-Valuation-Interest cost in valuation of inventory-No provision to include interest in cost of inventory.

S. 143(3) : Assessment-Non-Existing entity-Merger-Succession to business otherwise than on death-Order passed in non-existing entity is held to be invalid. [S. 170, 292B]

S. 115JB : Book profit-Disallowances made under section 14A could not be applied while computing book profit. [S. 14A, R. 8D]

S. 115JB : Book profit-No addition will be made in respect of disallowance under section 14A, read with rule 8D-Benefit of clause (i) of Explanation 1 to section 115JB (2) will not be available to assessee if book profit was not increased by amount of provision made in year of making provision for whatever reason. [S. 14A, R.8D]

S. 115JB : Book profit-Exempt income-Credited to the profit and loss account-Reduced while computing book profit [S.10]