S. 143(3) : Assessment-Notice issued without examining the return-Assessment order was quashed. [S. 142(1), 143(2)]

S. 142(2A) : Inquiry before assessment-Special audit-Extension of time given by Commissioner instead the Assessing Officer in getting books of account audited-Assessment completed after due date was void ab initio.

S. 139 : Return of income-Intimation-Demerger-Revised return can be filed even after issue of intimation. [S. 2(19AA), 72(4A), 139(5), 143(1)]

S. 120 : Jurisdiction of income-tax authorities-Power to transfer cases-Commissioner-Lucknow transferred different cases to Central Circle, Lucknow-Jurisdiction of TDS matters was not transferred-Order passed by Assistant Commissioner, Central Circle, Lucknow in case of assessee under section 201 was without jurisdiction. [S. 127, 201]

S. 115JB : Book profit-Disallowance made under section 14A cannot be subject matter of disallowances while determining book profit. [S. 14A, R.8D]

S. 92C : Transfer pricing-Arm’s length price-Notional interest on interest free loan-Rate of LIBOR plus 2 per cent is held to be justified.

S. 92C : Transfer pricing-Arm’s length price-Re sale without any further value addition-Resale Price Method (RPM) is most appropriate method for determining ALP of said international transactions.

S. 92C : Transfer pricing-Arm’s length price-Advance for allotment of shares-Notional interest-No addition could be made.

S. 92C : Transfer pricing-Arm’s length price-Comparable-Software development-Software education- Computer related activities like maintenance of website for its clients and creation of multimedia presentation-Product companies-Functionally not comparable-High turnover filter-Directed to be excluded.

S. 92C : Transfer pricing-Arm’s length price-AMP expenses-AE has not carried out any function in India-No international transaction in form of any agreement or arrangement on AMP expenditure incurred by assessee-Addition is held to be not justified. [S.92B]