S. 139 : Return of income-Amalgamation-Revised return-Directed the Assessing Officer to accept the manual return and pass the order accordingly-170A was applicable only from assessment year 2022-23 onwards, [S.119(2)(b), 139(5), 170A, Art. 226]

S. 119 : Central Board of Direct Taxes-Delay in filing of return-Refund-Genuine hardship-Condonation of delay-Matter remanded to Board to consider the application for condonation of delay in its proper perspective. [S. 119(2)(b), 139(4), Art. 226]

S. 119 : Central Board of Direct Taxes-Form No 10IC-Condonation of delay-Directed to dispose the application within a period of six weeks-Stay application-Assessing Officer is directed to consider and dispose of application within a period of eight weeks [S. 115BAA,220, Art. 226]

S. 115JB : Book profit-Addition cannot be made on the basis of calculations worked under section 14A of the Act. [S. 14A, R.8D]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Determination of ALP-Comparable-No question of law. [S. 260A]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Interest-Net monthly balance payable-Justified in not charging interest in delayed payments to non-AEs. [S. 260A]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Comparable-TPO ought to have arrived at ALP of assessee’s sale to its AE by only comparing it with uncontrolled transaction of sale-SLP of Revenue is dismissed.[S. 92, Art. 136]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Interest-Net monthly balance payable-Justified in not charging interest in delayed payments to non-AEs-SLP of Revenue is dismissed.[Art. 136]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Determination of ALP by Tribunal can be subjected to scrutiny by High Court in an appeal-Matter remanded to High Court. [Art. 136]

S. 80P : Co-operative societies-An apex co-operative society within meaning of State Act, 1984-Primary object is to provide financial accommodation to its members who were all other co-operative societies and not members of public-Not a co-operative Bank-Entitle to deduction. [S.80P(2)(a)(i), 80P(4), Banking Regulation Act, 1949, S.56, Kerala Co-operative Societies Act, 1969]