S. 263 : Commissioner-Revision of orders prejudicial to revenue- Assessment completed by AO under section 143(3) of the Act-CIT sought revision-Tribunal held that AO had duly applied his mind by accepting the valuation method of Assessee and hence quashed revision proceedings. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision based on proposal from AO impermissible-Without Application of mind-Revision not erroneous or prejudicial to revenue. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Co-operative societies–Interest income derived by co-operative society from investments held with co-operative bank entitled for deduction under section 80P(2)(d) of the Act–AO had taken a possible view and hence reassessment proceeding is quashed. [S. 2(19), 80P(2)(d)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-limited scrutiny–PCIT cannot look into issue which the AO himself was barred from looking into in original assessment. [S. 143(1)]
S. 254(1) : Appellate Tribunal–Powers-Non appeared for the assessee/appellant–Notice sent–Appeal not admitted-Liberty to the assessee to move application as per proviso to rule 24. [S. 253, ITATR. 19(2), 24]
S. 249 : Appeal-Commissioner (Appeals)-Form of appeal and limitation-Amendment in making electronic filing of appeal mandatory-change in law introduced at about the same time and possibility that assessee may not be conversant with technical aspects-Opportunity to be given to assessee for filing of appeal in accordance with law. [S.251, R.45]
S. 195 : Deduction at source-Non-resident-Other sums–remittance-in nature of reimbursement of cost–necessary documents to be examined-restored to AO for de novo adjudication. [S. 195(2)]
S. 194C : Deduction at source–Contractors-Payment made to farmers for purchase of sugarcane as harvesting charges-Not liable to TDS-No disallowance can be made. [S. 40(a)(ia)]
S. 194C : Deduction at source–Contractors-Finance Act states that it would be applicable from a particular date–Section cannot be applied retrospectively. [S. 40(a)(ia), 194(6), 263]
S. 153C : Assessment-Income of any other person–Search Seized documents not belonging to assessee-No incriminating documents / materials seized–Addition cannot be sustained.