S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Sub-Licence of designated rights-Not royalty-Addition is deleted-Deduction of tax at source-Direction is given to Assessing Officer to verify and allow correct credit of taxes deducted at source.[S. 9(1)(i), Form 26AS.]

S. 4 : Charge of income-tax-Income-Accrual-Interest on non-performing asset-Deletion of addition is affirmed. [R.6EA]

S. 4 : Charge of income-tax-Accrual of income-Bank-Guarantee commission-Earned for unexpired period of guarantee contract-Offered to tax in succeeding years over period of guarantee-Interest from non-performing assets-Addition is deleted. [S. 4, 43D, R,6EA]

S. 276CC : Offences and prosecutions-Failure to furnish return of income –No regular assessment completed-Assessee did not fall within meaning and scope of a regular assessment to get protection to proviso (b) to section 276CC-Writ petition to quash the prosecution is dismissed. [S. 279, Art. 226]

S. 276C : Offences and prosecutions-Willful attempt to evade tax-Tax paid with interest-No penalty provision-The assessee is not be allowed to suffer and to face criminal trial and same could not sustain in eyes of law.[S.140A, 277, Art. 226]

S.271D: Penalty-Takes or accepts any loan or deposit-Cash credits-Reasonable cause-High Court affirmed the order of the Tribunal [S. 68, 260A,271E, 273B]

S. 271D : Penalty-Accepts any loan or deposit –Not recived any cash loan-Un explained money-Penalty levied without recording the satisfaction-Not recorded any finding that there had been any violation of provisions of section 269SS-Penalty order is set aside. [S.69A,153C, 269SS, Art. 226]

S. 271(1)(c) : Penalty-Concealment-Capital gains-Additional income offered before issue of notice under section 148-Additional income cannot be treated as concealed income-Honesty of assessee in disclosing mistake and paying differential tax before assessment would negate grounds for imposing a penalty-Deletion of penalty is affirmed-[S. 45, 131, 143(1), 143(3), 147 148]

S. 271(1)(c) : Penalty-Concealment-Bonafide claim-Disallowance of interest-Order of Tribunal deleting the penalty is affirmed. [S. 36(1)(vii)]

S. 268A: Appeal-Instructions-Circulars-Monetary limits-Enhancing monetary limits-Applicable to all pending appeals. [S. 253, 260A]