S. 271(1)(c) : Penalty–Concealment-Explanation 5-Disclosed undisclosed income in the course of the statements under section 132(4), specifying the manner of earning it from real estate business and paid tax with interest for which no time frame is fixed in Explanation 5(2)-Levy of penalty is held to be not justified. [S. 132(4), 158BC]
S. 271(1)(c) : Penalty–Concealment–Advance tax shown as expenses–Appropriation of profits shown as loss-Levy of penalty is held to be justified for concealment of income and furnishing of inaccurate particulars of income.
S. 271AAA : Penalty-Search initiated on or after 1st June, 2007–Immunity from penalty—Explaining manner in which undisclosed income derived-Paying tax and interest–Deletion of penalty is held to be valid.[S. 132(4)]
S. 264 : Commissioner-Revision of other orders-Hosing projects- Failure to claim deduction in return-Commissioner cannot grant the deduction in revisional jurisdiction by virtue of S.80A(5) of the Act. [S. 80A(5), 80IB(10)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of application of mind to return and documents filed by assessee and failure to conduct enquiry-Revision is held to be valid.
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Initial assessment year-Claim was accepted without proper enquiry–Reassessment is valid. [S. 80IC, 143(3)]
S. 260A : Appeal-High Court–Merger of order–Composite order being questioned before the court was rejected earlier-Appeal is held to be not maintainable. [S. 32(2), 72, 254(2)]
S. 254(1) : Appellate Tribunal–Duties-Tribunal denying Deduction without giving an opportunity to be heard-Matter remanded. [S. 80P(2), 80P(4)]
S. 244A : Refunds–Interest on refunds-Appellate Tribunal directing Assessing Officer to calculate interest based on Supreme Court and High Court Decisions-Assessing Officer cannot traverse beyond scope of such order-Existence of alternative remedy is not bar to exercise of writ jurisdiction when the order is passed is bad in law and when authority exceeds his jurisdiction. [Art. 226]
S. 244A : Refunds–Interest on refunds-Amount seized–Shown as advance tax-Return accepted-Entitled to interest. [S. 132B(4)]