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- An assessment order giving effect to an appellate decision beyond the statutory limitation period is a nullity and must be quashed.
- Petitioner permitted to amend e-filed writ petition challenging Section 147A without producing original papers.
- Reassessment under Section 147 is valid if third-party seized material does not directly belong to assessee.
- Trading additions are restricted to a profit percentage when corresponding sales are accepted as genuine.
- Reassessment notice is quashed where reasons fail to establish a rational nexus with income escapement.
- Reopening assessment based on assumptions of business incoherence from high-value bank entries is impermissible.
- Telecom rulings favor assessee on TP adjustments, spectrum depreciation, and distributor discounts.
- Estimation of business income by applying a reasonable profit rate on turnover precludes separate additions for cash deposits under Section 69A.
- Disallowances for unverified TDS items are upheld while crystallized expenses and business write-offs are allowed.
- Disallowance stands upheld for unverified TDS components, but crystallized expenses and legitimate business write-offs are allowable.
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