S. 245D : Settlement Commission – Failure to make full and true disclosure of undisclosed income with regard to property and bank accounts held abroad –Rejection of application is held to be valid [ S. 132(4),245C ]

S. 192 : Deduction at source – Salary – Perquisite –Since contributions made by assessee were to recoup deficiency suffered by said Educational Society for meeting its educational requirements and burden borne per child per month by assessee had never crossed Rs. 1000, no perquisite could be said to be arose in hands of employees of assessee- legislation amended rule 3(e) only for period subsequent to 2001, to include concessional education facility, assessee could not be held liable to recover tax for assessment years prior to such amendment for contribution of concessional facility given to employees- Not liable to deduct tax at source.[ S.17(2), 201(1)]

S. 158BC : Block assessment – Unexplained expenditure –Cost of construction valuation report- Since no undisclosed income was detected as a result of search, and amounts in question had been found to have been entered in regulars books of account of assessee, inquiry, if any, in respect of valuation of building was permissible only in course of regular assessment proceedings and, thus, addition made by Assessing Officer was to be deleted.[ S.69C ]

S. 154 : Rectification of mistake – Pendency of appeal before Commissioner (Appeals) – There was no statutory bar for Assessing Officer to rectify assessment order even if an appeal was pending against it – Assessee is directed to file objections before Assessing Officer. [ S. 250 ]

S. 153D : Assessment – Search and seizure – Approval -Provision do not require any opportunity of hearing to be given to assessee by authority who has to approve draft assessment order passed by Assessing Authority .[ S. 143(3),153A ]

S. 148 : Reassessment – Notice – when department had correct address of assessee furnished in return of income, sending notice at incorrect address available with bank and then drawing presumption of service of notice on ground that notice was not received back unserved, could not be sustained.[ S.147 ]

S. 145 : Method of accounting – Bank- Valuation of shares and securities of public Ltd Companies -Books at cost and in the return cost or market value which ever is less- changed method of valuation of closing stock i.e. cost or market price whichever was lower would determine income/loss correctly- Order of Tribunal was set aside .

S. 144C : Reference to dispute resolution panel – Foreign company -Order in remand proceedings – Even in partial remand proceedings from the Tribunal, the Assessing Officer is obliged to pass a draft assessment order under section 144C(1) of the Act-Order passed without passing a draft assessment order being violative of provisions of section 144C(1) is set aside .[ S.92C, 144C(1), 254(1)]

S.143(3): Assessment – Revised return- Claim made under wrong provision , if necessary facts are available , the Assessing Officer can consider the claim though no revised return was filed-Alternative claim not raised in return can be claimed if necessary facts are on record. [ S.139(5) ]

S. 139AA : Return of income – Quoting of Aadhaar Number – CBDT issued a Press Release dated 27-3-2018 which extended time to link PAN with Aadhar number, while filing Income-tax return from 31-3-2018 to 30-6-2018 – Two High Courts on basis of said press release had directed for accepting ITRs without Aadhar No. and no attempt was made to vary said orders by department -Thus, department should accept returns if uploaded on or before 30-6-2018 without Aadhar Number, Aadhar Enrollment or any linkage with PAN details and in case system does not accept returns of income they are at liberty to file their return of income in physical form with jurisdictional Assessing Officer on or before 2-7-2018 [ R. 12(3) ]