S.147: Reassessment-After the expiry of four years-Business loss-Stock broking-Change of opinion- Order of High Court quashing the reassessment order was affirmed-SLP of revenue dismissed. [S. 28(i), 148, Art. 136]

S. 143 (3): Assessment-Show cause notice-Writ petition was dismissed with cost of Rs.25000, which is payable to Tata Memorial Hospital. [Art. 226]

S. 143(3) : Assessment-Assessment order was passed manually without mentioning Document Identification Number (DIN)-Alternative remedy -Writ petition was not maintainable. [Art. 226]

S. 119 : Central Board of Direct Taxes-Circular- Property held for charitable purposes-Form No 10B field manually within prescribed time-Delay in electronically uploading the form-Affidavit of Chartered Accountant-Delay is condoned-Directed to grant exemption. [S. 11, 139(9), Form No.10B, Art. 226]

S. 92C : Transfer pricing-Arms’ length price-Avoidance of tax -International transaction-TNMM- While determining ALP of international transactions, benchmarking should be done only on associated enterprise or related party transactions and not with respect to entire turnover.[S. 260A]

S. 92C : Transfer pricing-Arms’ length price-Avoidance of tax -International transaction- Business of distribution of solar products- There was no value addition done by assessee on products purchased and subsequently sold by it. On facts, assumption of TPO was erroneous and RPM was most appropriate method-Order of Tribunal affirmed. [S.92CA, 260A]

S. 92C : Transfer pricing-Arms’ length price– Avoidance of tax -International transaction-Gross delay of 434 days in filing SLP had not been satisfactorily explained by revenue- SLP of revenue dismissed.[Art. 136]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax -International transaction-SLP of revenue dismissed on account of failure to explain 597 days of delay. [Art. 136]

S. 80-IC : Special category states-Substantial expansion-Initial assessment year-Since there was an inordinate delay of 412 days in filing review petition which had not been satisfactorily explained, review petition was dismissed on ground of delay as well as on merits. [Art. 136]

S. 80-IC : Special category states-Entitle to 100% deduction- Order of High Court allowing only 25 % deduction is set aside.[Art. 136]