S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge -Mere disbelieving of explanation is not sufficient- levy of penalty is held to be not valid. [S. 274]
S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge -Mere disbelieving of explanation is not sufficient- levy of penalty is held to be not valid. [S. 274]
S. 263 : Commissioner-Revision of orders prejudicial to revenue- Assessment passed after due verification by Assessing Officer-Not erroneous. [S. 40A(2)(b), 142(2A)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Order Giving effect to order of commissioner in revision-Assessing Officer cannot traverse beyond directions of commissioner-Order of Tribunal is affirmed. [S. 143(3), 254(1)]
S. 260A : Appeal-High Court-Monetary limits-Revision by commissioner-Appeal not maintainable. [S. 263, 268A]
S. 260A : Appeal-High Court-Territorial Jurisdiction of High Court- Precedent-Assessed in Karnataka-Appeal decided by Mumbai Tribunal-Bombay High Court has no jurisdiction to decide the appeal. [S. 147, 148, Art. 142, 226, 227]
S. 245R : Advance rulings-Application-Applying for nil tax withholding certificate-No proceeding pending-No bar on application-Matter examined in proceedings under section 195 or under Section 197-Applications maintainable-Capital gains-Transfer of shares- Mauritius Company of shares in Singapore company to Luxembourg Company-Singapore Company Holding Shares In Subsidiaries In India -Application is maintainable-Tax Avoidance-See-through Entities to avail of benefits of Double Taxation Avoidance agreement between India and Mauritius-No strategic Foreign Direct investment in India-Arrangement a preordained transaction created for Tax Avoidance purpose-Application not maintainable DTAA-India –Mauritius. [S. 195, 197]
S. 245D : Settlement Commission-Principles of natural Justice- Search and seizure-Block assessment. [S. 132, 158BC, 158BD, Art. 226]
S. 241A : Refund- Withholding of refund in certain cases-Orders set aside and authorities directed to reconsider whether refund amount or part thereof liable to be withheld. [S. 143(1), 264, Art. 226]
S. 234A : Interest-Default in furnishing return of income-Assessment consequent on order of remand-Interest payable. [S. 2(8), 143(3) 144]
S. 194I : Deduction at source-Rent-Lump sum paid for getting long lease-Not rent-Tax not deductible at source on such payment.