S. 271(1)(c) : Penalty – Concealment –Inaccurate particulars – Penalty is a civil liability – Concealment need not be wilful- Non disclosure of entire receipt from transaction was held to be liable to penalty .

S. 271(1)(c) : Penalty – Concealment –Assessment was determined as book profit under legal fiction , hence concealment penalty cannot be imposed [ S. 115JB ]

S. 271(1)(c): Penalty – Concealment -Admission of appeal by High Court -There can be no universal rule to the effect that no penalty can be levied if quantum appeal is admitted on a substantial question of law [ S.260A ]

S. 269SS : Acceptance of loans and deposits – Otherwise than by account payee cheque or account payee bank draft -Depositors were agriculturists and transactions were genuine – Penalty cannot be imposed [S.271D ]

S. 268A : Appeal– Monetary limits – Circular is not applicable where decision on principle is involved.[ S. 119 ]

S. 268A : Appeal– Monetary limits – Circulars are binding on department- Reference application was rejected [ S. 119 ]

S. 264 :Commissioner – Revision of other orders -Business expenditure -Real income -Non filing of revised return cannot be the ground to reject the application [ S. 37(i) ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Educational expenses of director at abroad- Expenditure allowable or not requires greater scrutiny therefore revision was held to be justified [ S. 37(1) ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue –Exemption was claimed in respect of share of profit was credited to partners account – Two views possible – Revision was held to be not valid [ S.10(2A)]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Capital gains — Cost of acquisition —Tribunal directed the assesse to file relevant documents and directed the AO to decide accordance with law . [ S.45, 48 ]