S. 143(3): Assessment -Survey -Statements recorded lack evidentiary value and cannot be relied upon as substantive evidence. [S.133A]

S.143(3): Assessment -Revised return- Mistake being of punching error- Correct income be taxed. [S.139(1), 139(5)]

S. 143(3): Assessment -Search – Income to be taxed in the hands of key person- Matter remanded.[S. 132, 153A]

S.115JB : Company – Book profit –MAT credit -Rectification order – Original assessment proceeding pending final adjudication -Matter remanded to AO. [S.143(3) 154]

S.92C: Transfer pricing -Arm’s length price – Avoidance of tax -International transaction – Specified domestic transaction – Comparables -Gujarat Fluorochemicals Limited -Inox Air Products Limited -Excluded- Purchase and subsequent sale of capital asset- Matter remanded. [S.92CA]

S. 92C : Transfer pricing -Arm’s length price – Avoidance of tax -International transaction – Specified domestic transaction- Comparable-Accentia Technologies Limited, Eclerx Services Limited, and TCS E-Serve Ltd. – Functionally different -Rejection by CIT(A) is upheld. [S.92CA]

S. 90 : Double taxation relief -A resident of Mauritius earning income from the transfer of shares of Indian companies should be subject to capital gains tax exclusively in Mauritius, rather than in India- Appeal of Revenue is dismissed – DTAA -India -Mauritius [Art. 13 (4)]

S. 80P : Co-operative societies -Deductions -Commission income on collection of MSEDCL bills which was from business activity carried on by assessee, same was eligible for deduction under section 80P(2)(a) [S.80P(2)(a)]

S. 80P : Co-operative societies – Grants –Miscellaneous income cannot be assessed as income from other sources – Eligible for deduction. [S. 56]

S. 80P : Co-operative societies -Interest -Co -Operative Banks and Nationalised Banks – Eligible for deduction.[S.80P(2)]