S.147: Reassessment-After six years-Search and seizure-Cash credits-Share application money-Failure to issue notice-Reassessment based on suspicion-Deletion of addition by Tribunal is affirmed. [S. 68,133(6), 148, 260A]

S. 147 : Reassessment-After the expiry of four years-Set off the losses incurred in one unit against the profits of the other unit-Audit objection-Change of opinion-Notice and consequential proceedings quashed-Circular No. 7/DV/2013 dated July 16, 2013 (2013) 356 ITR (St.) 7).[S.10A, 10AA, 148, 151]

S. 144B : Faceless Assessment-Personal hearing not granted-Matter remanded to Assessing Officer-Violation of principles of natural justice Assessee need not be relegated to statutory remedy of appeal.[S. 143(3), Art.14, 226]

S. 144B : Faceless Assessment-Assessment order passed without issuing show-cause notice-cum-draft assessment order-Assessment order and consequential demand notice and recovery proceedings set aside-Matter remanded to Assessing Officer-Violation of principles of natural justice Assessee need not be relegated to statutory remedy of appeal. [Art. 226]

S. 143(3): Assessment-Amalgamation-Assessment orders passed in names of amalgamating entities-Amalgamation approved by court was informed to Department with date and other details-assessment orders issued in names of non-existent entities void ab initio-Jurisdictional issue-Additional ground was raised first time before High Court-Additional ground was admitted-Interim applications allowed-Appeals by Revenue and assessee’s writ petition rendered infructuous.[S. 143(3), 254(1), 260A]

S. 143(3): Assessment-Amalgamation-Assessment framed and TPO order passed in the name of a non-existent amalgamating company despite intimation of merger-Subsequent attempt to rectify by invoking s.154 impermissible-Use of expression “formerly known as” shows failure to acknowledge change in legal status-Assessment order a nullity and not curable u/s 292B.[S.92CA(3), 154,260A, 292B]

S. 143(3): Assessment-Reassessment-Undisclosed income-Writ jurisdiction-Alternative remedy-Granted liberty to file statutory appeal.[S. 147, 148, 246A, Art. 226]

S. 143(3): Assessment-Reassessment-Undisclosed income-Writ jurisdiction-Alternative remedy-Writ petition dismissed-Granted liberty to file statutory appeal-SLP of assessee dismissed. [S. 147, 148, Art.136]

S. 115BAA: Tax on income of certain domestic companies-Return of income-Determination of tax in certain cases-Failure to file form 10IC within extended period-CBDT circular No 6 of 2022 dt-17 3-2021(2022) 442 ITR 191 (St)-Tribunal directing the assessee to file form-Order of Tribunal affirmed. [S. 139(1), 260A, Form No. 10IC] c

S.80IA: Industrial undertakings-Enterprises engaged in infrastructure development-Profits derived from eligible business-Interest-Interest on fixed deposits placed for fulfilling obligations under licence agreement-Interest receipt having direct nexus with business-Does not fall under head “Income from other sources-Entitled to deduction under section 80IA on interest from fixed deposits-Interest on refund of excess tax deducted at source-Excess deduction of tax at source formed part of sales receipt of assessee from eligible business-Entitle to deduction under section80IA on interest on fixed deposits and interest on refund of excess tax deducted at source. [S. 56, 260A, Art. 226]