S. 271(1)(c) : Penalty–Concealment-Long term capital gains-Surrender and disclosure u/s. 132(4)-In absence of any incriminating material found during search and seizure action would not lead to conclusion that assessee has concealed particulars of income or furnishing inaccurate particulars of income. [S. 10(38), 45, 132(4), 153A]

S. 271(1)(c) : Penalty–Concealment–CIT(A) confirmed the penalty only in respect of 1/3rd addition-Matter remanded to CIT(A). [S. 153A]

S. 271(1)(c) : Penalty–Concealment–Additional ground-Failure by Assessing officer to delete inappropriate words and parts in relevant paragraph of notice-Notice not specifying issued for concealment of income or furnishing of inaccurate particulars of income-Levy of penalty is not valid. [S. 274]

S. 271(1)(c) : Concealment-Assessing officer not referring to seized material—Concealed income should be represented by some incriminating material during course of search—Difference in computation of cost of acquisition not concealment of income. [S. 153A]

S. 269SS : Penalty—Acceptance of loan in cash in excess of specified limit—assessee’s business inoperative for past years—assessee borrowing from bank and private money lenders for past years— assessee borrowing money from unorganised financial sector in cash for repaying financial liabilities—assessee declaring loss in return—reasonable cause—Imposition of penalty not warranted. [S. 273B]

S. 253 : Appellate Tribunal–Appeals-Monetary limits for appeals by department–Exceptions to be construed strictly.

S. 251 : Appeal-Commissioner (Appeals)–Powers-Capital gains-New source of income- Commissioner not competent to enhance an assessment on point not all considered by AO or raised by assessee-CIT(A) is also not entitled to enhance assessment holding sale itself was bogus and treat income u/s. 68 [S. 54F, 68]

S. 246A : Appeal to commissioner (appeals)—limitation for filing— condonation of delay—deduction of tax at source—failure to deduct —government organisation—”sufficient cause”—delay condoned-Matter remanded to CIT(A).

S. 234B : Interest-Advance tax-non-resident-liability on payer to deduct tax at source while making payment to non-resident-No liability on non-resident to pay advance tax-Interest is not chargeable. [S. 195]

S. 221 : Collection and recovery–Penalty-Tax in default-assessee filing return without payment of self-assessment tax-financial constraint and liquidity crunch faced by assessee at time of filing of return-good and sufficient reason for failure – Levy of penalty is held to be not justified.[S. 140A]