S. 271(1)(c) : Penalty-Concealment-Bona fide and inadvertent reporting of lower Book profits in return-Levy of penalty is not valid. [S. 115JB]

S. 271(1)(c) : Penalty-Concealment-Capital gains-Transfer of book adjustment-Income resulting to loss-Inadvertent mistake-Levy of penalty is held to be not justified. [S. 45]

S. 271(1)(c) : Penalty-Concealment-Depreciation on digital set top box and control room equipment at sixty per cent-Restricted to fifteen per cent-Levy of penalty is not valid.

S. 263 : Commissioner-Revision of orders prejudicial to revenue Capital gains-Substantial investment in new property within prescribed period-Receipt of occupancy certificate after period of two years irrelevant-Exemption allowed is held to be valid-Revision is held to be not valid. [S. 54]

S. 251 : Appeal-Commissioner (Appeals)-Duties-Non-speaking and cryptic order-Directed to pass reasoned and speaking order. [S. 254(1)]

S. 244A : Refund-Interest on refunds Refund-No delay attributable to assessee-Interest on self-assessment tax-paid-Allowable from date of payment of self-assessment tax till date of grant of refund. [S. 244(1)(a)]

S. 234E : Fee-Default in furnishing the statements-Deduction of tax at source-Delay in filing return-Amendment is prospective. [S. 200A(1)(c)]

S. 154 : Rectification of mistake-Mistake must be apparent on record-Mere change of opinion not sufficient-Rectification not justified-Payments for purchase of raw material when bank account not active-Genuineness of transaction established-No disallowance warranted. [S. 40A (3), R.6DD]

S. 151 : Reassessment-Sanction for issue of notice-Sanction of Joint Commissioner-Sanction obtained from commissioner-Notice not valid. [S. 143(1), 147, 148, 151(2)]

S. 147 : Reassessment-Not making any additions on grounds initially raised in notice or in reasons recorded-Not entitled to make additions on other grounds-Sanction-Consolidated approval in group case without recording qua each case-Reassessment invalid-Legal ground on jurisdiction can be raised first time before Appellate Tribunal [S. 2(22)(e), 148 (2), 151, 254(1)].