S. 145 : Method of accounting-Accommodation entries-Estimate of commission-Rejection of accounts and estimate of income-Discretion must be exercised in a judicious manner-Tribunal is not justified in confirming the addition. [S. 144, 145(3)]

S. 145 : Method of accounting-Valuation of shares-No question of law. [S. 260A]

S. 145 : Method of accounting-Rejection of books of account-Remand order of Tribunal is up held by the High Court. [S. 144, 254(1)]

S. 132 : Search and seizure- Stock in trade- High Court directed to release of seized goods. [Art. 226]

S. 127 : Power to transfer cases-Assessee was given opportunity to be heard-Order for transfer is valid-Notice sent by post to correct address of assesse-Presumption that notice had been served. [General Clauses Act, 1897, S. 27, Art. 226 ]

S. 127 : Power to transfer cases-Reasons for transfer to be recorded and communicated and an opportunity of hearing is mandatory-Transfer order and consequent proceedings is quashed. [S. 127(2), 132(4), Art.226]

S. 115JB : Book profit-Agricultural income-Revenue derived from land-Profits from sale of agricultural land-Cannot be excluded from book profits. [S. 2(IA), 2(14)(iii), 10(1), 45]

S. 115JB : Book profit-Provision for bad and doubtful debt- Ascertained liability-No addition can be made.

S. 92C : Transfer pricing-Arm’s length price-Loan syndication fee received from associated enterprise-Tribunal remitting matter to AO-Not erroneous.[S. 254(1), 260A]

S. 80P : Co-operative societies-Interest received from another Co-operative bank-Deduction allowed on gross interest in earlier years-Department has not challenged the decision of the Tribunal in another assesee-Department is not entitled to challenge its correctness in case of another assessee without good reason. [S. 80P(2)(d)]