S. 147: Reassessment-Borrowed satisfaction-Mechanical approval-Reassessment quashed.[S. 148, 151]

S. 145: Method of accounting-Books of account-Rejection-Delay in furnishing details due to data corruption-Rejection unjustified-Estimation of income deleted.[S.139, 145(3)]

S. 144C: Reference to dispute resolution panel-Transfer Pricing-Dispute Resolution Panel-Rectified directions-Assessing Officer bound to give effect-Transfer pricing adjustment deleted. [S. 92CA, 143(3), 144C(5), 144C(13)]

S.143(3) : Assessment-Gratuity-Disallowance in intimation under section 143(1)-Payment made before due date-Deduction allowable. [S.43B, 143(1)]

S. 143(1): Assessment-Intimation-Prima facie adjustment-Bonus disallowance by CPC-Issue can be examined in scrutiny assessment-Matter remanded.[S. 144C, 154.]

S. 143(1): Assessment-Intimation-Business expenditure-Interest on pension bonds-Indian Accounting Standard (Ind AS)-109 fair value adjustment-Incorrect reporting in return-Matter remanded-Employer’s contribution to pension and gratuity trust-Payment before due date of return-CPC adjustment due to incorrect reading of Form 3CD-Matter remanded.
[S.43B, 139(1)]

S. 124: Jurisdiction of Assessing Officers-Pecuniary jurisdiction-Income exceeding ₹30 lakhs-Notice issued by Income-tax Officer without jurisdiction-Assessment invalid.[S. 119, 120, 127, 143(2)]

S. 115P : Domestic companies-Tax on distributed profits-Interest-Dividend Distribution Tax-Credit-Matter remanded for verification.

S. 92C: Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Outstanding receivables from Associated Enterprises-Separate international transaction-Interest to be computed at LIBOR + 200 basis points.[S. 92B, 92CA, 143(3), 144C]

S. 92C: Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Royalty-Transactional Net Margin Method-Principle of consistency-Matter remanded-Outstanding receivables-Delay beyond agreed credit period-Interest to be benchmarked at LIBOR + 200 basis points.[S.92B, 92CA]