S. 147 : Reassessment-Findings recorded by Assessing Authority not challenged before Appellate Authority or Revisional form-High Court order is affirmed-SLP of assessee is dismissed. [S. 148, 264, Art. 226]

S. 145 : Method of accounting-Development of property-Project completion method-Percentage completion method-Accepted in earlier year-Rejection of method in latter year is not justified. [Accounting Standard, 7, & 9]

S. 143(3) : Assessment-Search and seizure-Undisclosed income-Incriminating documents relating to period 2014 to 2019-No addition can be made on basis of such documents for the assessment year 2021-22. [S. 132, Art, 226]

S. 143(3) : Assessment-Amalgamation-Revenue intimated of amalgamation-Non existence company-Assessment not valid. [S.260A]

S. 132A : Powers-Requisition of books of account-Title over assets-Seizure of cash-Trust-Trustee-Election Commission-Writ is not maintainable.[S. 246A, Art. 226]

S. 127 : Power to transfer cases-Search and seizure-Effective and expeditious completion of search proceedings-Objections considered-Order of transfer is valid. [S. 132, Art. 226]

S. 119 : Central Board of Direct Taxes-Refund-Tax deduction at source-Limitation-Condonation of delay-Rectification application filed after over 12 years from the relevant assessment year is barred by limitation. [S. 119(2)(b), 237, Art.226]

S. 115JB : Company-Book profit-Tender bid-Computation of net worth-Deferred tax liability-Rejection of tender bid-Calculation of net worth is primarily on tender issuing Authority and evaluating committee-Court cannot interfere unless arbitrary and contrary to law. [R. 11UA, Art. 226]

S. 90 : Double taxation relief-Tax credits withheld in USA and Canada-Entitle to credit though the income is exempt under section 10A of the Act-DTAA-India-Canada-USA. [S. 10A]

S. 80IA : Industrial undertakings-Infrastructure development-Initial assessment year-loss or unabsorbed depreciation, which had already been set-off prior to initial year, would not be notionally carried forward and adjusted against profits of eligible business in order to determine deduction. [S. 32, 72, 80IA(5)]