S. 263 : Commissioner – Revision of orders prejudicial to revenue – Rejection of books of account and estimate of net profit – Estimate was reduced by CIT(A) and Tribunal- Revision order to verify unsecured loans and creditors -Issue which was not subject matter of appeal can be revised by the Commissioner- Revision order is held to be justified .[ S.69A , 145, 263 ( c )]

S. 254(2A): Appellate Tribunal –Stay- Power- Tribunal has the power to modify the stay order – Dismissal of stay application is held to be not justified on the ground that the Tribunal has no power to modify the stay order as the order is not passed u/s 254(1)- On facts only a part of interest amount is still remain unpaid rejection of application is held to be not justified . [ S.254(1), 254(2) ]

S. 148 : Reassessment – Notice – Notice issued in name of a dead person is not valid and liable to be quashed .[ S.147 , 159 ]

S. 69A : Unexplained money – Cash found – Residential premises of father-in-law- Addition cannot be made in the assessment of the assessee. [ S. 132, 132(4A, 153C, 292C ]

S. 37(1) : Business expenditure – Capital or revenue – Lease premises – Interior decoration – Capital expenditure – Depreciation is allowable. [ S.32 ]

S. 10 (23C): Educational institution- charitable trust – Entitle to exemption .[ S.2(15) ,10(23C)(iv) , 12AA ]

S. 279 : Offences and prosecutions–Sanction-Chief Commissioner –Wilful attempt to evade tax–Non-technical offence–False statement in verification- Reduction of penalty by CIT (A)-Prosecution cannot proceed–Compounding of offences-Application for compounding to be considered by committee specified in circular–DGIT has no jurisdiction to reject the application. [S. 119, 120, 276C(1), 273B, 277, 279(IA), 279(2), Art.141]

S. 271(1)(c) : Penalty–Concealment–Notice–Not specifying the charge – Defects could be rectified–Notice is not invalid–Writ to quash the notice is held to be not maintainable. [S. 292B, Art.226]

S. 250 : Appeal-Commissioner (Appeals)–Procedure–It is statutorily imperative to give a personal hearing while disposing of an appeal-Ex-parte order passed by CIT(A) confirming the addition is set aside. [Art. 226]

S. 245D : Settlement Commission–Bogus share capital and share premium-Failure to make full and true disclosure with regard to undisclosed income by way of bogus share capital and share premium and also manner of earning such income- Settlement Commission is justified in rejecting settlement application on such ground even at stage of passing of final order under 245D(4)-Limitation-Proceedings were pending from 26-2-2015 till 4-8-2016, said period was to be excluded while calculating limitation period for issuing notice under section 143(3) read with section 153A and after excluding above period, notice issued under said section was not time barred. [S. 132, 153A, 153B, 245C, 245D(4), 245HA]