S. 144A : Power-Joint Commissioner-Direction-Transfer pricing-Arm’s Length Price-Must be given opportunity to be heard-Order not valid. [S. 37, 40A(2), 92(1), 139, 142(1), Art. 226]

S. 139A : Permanent account number-Duty of assessee to intimate change of address to Income-Tax Authorities. [S. 139A(5)(d), 144, 147, 148, Art. 226]

S. 132 : Search and seizure-Non-filer of return-Satisfaction note showed that the Assessee had assets or income which would not be disclosed to Income-Tax Authorities-Search proceedings valid. [Art. 226]

S. 132 : Search and seizure-Non-filer of return-Satisfaction note showed that the Assessee had assets or income which would not be disclosed to Income-Tax Authorities-Search proceedings valid. [Art. 226]

S. 131 : Power-Discovery-Production of evidence-Survey-Impounding of documents-Retention beyond fifteen days without approval of higher Authority is not valid-Decision of approval must be communicated to the assessee. [S. 131(3), 133A]

S. 127 : Power to transfer cases-Opportunity of hearing should be provided-Reason for transfer should be recorded-Transfer of case without notice and reasons for transfer is not valid. [Art. 226]

S. 90 : Double taxation relief-Mutual agreement procedure-DTAA has precedence over provisions of Act where beneficial to assessee-Respondents are directed to take necessary measures within a reasonable time-DTAA-India-USA. [S. 90(2), IT Rule, 44F, 44G 44H, Art. 27(2)]

S. 57 : Income from other sources-Deductions-Advance towards purchase of properties-Not necessary that expenses should have resulted in income-Sufficient if nexus is established between expenses and income-Question Before Tribunal regarding extent of deduction allowable-Tribunal does not have power to disallow entire Deduction [S. 36(1)(iii), 57(iii), 254(1)]

S. 43B: Deductions on actual payment-Property taxes paid-Deductible. [S. 145]

S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts-Schedule bank-Entitled to benefit of write off of irrecoverable debts under section 36(1)(vii) in addition to deduction of provision for bad and doubtful debts-Rural Branch-Matter remitted to Assessing Officer. [S. 36(1)(vii)]