S. 276C : Offences and prosecutions-Willful attempt to evade tax-Long term capital gains-Search-Long term capital gains-Revised return-Delayed payment of tax-Order of High Court quashing the prosecution proceedings were affirmed-SLP of revenue was dismissed. [S. 45, 132(4), 139, Code of Criminal Procedure, 1973, 482, Art. 136]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Salary-Compounding application-If application is moved before the Court below, the same shall be considered on its merit without being influenced by the observation of this Court in the present order-Circular F. No. 285/08/2014-IT(INV. V)/163, dated 17-10-2024-[S. 192, 278AA, Code of Criminal Procedure, 1973, S. 320]

S. 275 : Penalty-Bar of limitation-Reference made by Assessing Officer to Additional Commissioner was to be treated as triggering point for initiation of penalty proceedings-Show cause notice was issued only on 10-11-2017 proposing levy of penalty and penalty order was made on 22-2-2018-Proceedings were beyond period of limitation-Order of Tribunal is affirmed. [S. 143(3), 260A, 269SS, 271D, 275(1)(c)]

S. 271(1)(c) : Penalty-Concealment-Natural justice-Due process-Opportunity of hearing-Less than 24 hours was granted to produce document-Penalty order is quashed and set aside-Matter is remanded to the Assessing Officer. [Art. 226]

S. 271(1)(c) : Penalty-Concealment-Failure to specify the charge-Order of Tribunal quashing the penalty is affirmed. [S. 260A, 274(1)]

S. 264 : Commissioner-Revision of other orders-Ex parte order-Mistake of chartered Accountant-Order of commissioner rejecting the application is quashed and set aside and remanded to Commissioner to be decided in accordance with law. [S. 54F, 142(1), Art. 226]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bad debt-Provision for doubtful debts-Book profit-Assessing Officer did not show any application of mind and mechanically accepted statement of assessee-Principal Commissioner was justified in exercising his jurisdiction under section 263 of the Act. [S. 36(1)(vii), 115JB]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Assessment order was passed without making enquiry-In terms of clause (a) of Explanation 2 to section 263, assessment order was deemed to be erroneous in so far as it was prejudicial to interests of revenue-SLP filed by assessee against order of High Court was dismissed.[S. 45,263, Explanation 2, Art. 136]

S. 254(1) : Appellate Tribunal-Powers-Registration-Trust or institution-Observation of Tribunal that Director (E)’s view in that communication/order was correct-On appeal the Court held that Tribunal exceeded its jurisdiction in virtually upholding said communication/order on its merits-Observation of the Tribunal was directed to be ignored and the statutory authorities are directed to decide as prescribed by the law. [S. 12A,12AB, 253, 260A, Art.226]

S. 245D : Settlement Commission-Settlement of cases-Interim Board for settlement (IBS)-Deemed dividend-Undisclosed income-Remuneration earned-[S.2(22)(3) 132, 153A, 245C, 245D(4), Art. 226]