S. 271(1)(c) : Penalty – Concealment – Search and seizure -Block assessment – Penalty confirmed – Direction by CIT(A) regarding levy of penalty under S. 271AAA was rightly deleted by the Tribunal- Assessee has not challenged the levy of penalty u/s 271(1)( c ) of the Act . [ S. 153A,251, 271AAA]
S. 263 : Commissioner – Revision of orders prejudicial to revenue –Duty drawback – Subject matter of appeal- Issue neither considered nor decided in appeal before Commissioner (Appeals) — Revision is held to be proper . [ S.80I,147 , 251 ]
S. 260A : Appeal – High Court -Substantial question of law — speculative transaction —Remand by tribunal to consider nature of transaction — No question of law . [S. 43(5), 73(1) ]
S. 260A : Appeal – High Court – Rejection of accounts – Estimation of income – No perversity in finding of facts by Tribunal — Appeal not maintainable-No substantial question of law [ S.144 ]
S. 254(1) : Appellate Tribunal – Duties-Condonation of delay — Adequate reason – delay of 154 days-Delay should be condoned [ S.253, 263 Limitation Act ,1963 , S 5 ]
S. 254(1) : Appellate Tribunal – Duties-Rule of consistency — Judicial discipline — Tribunal wishing to take different view from its earlier decision in assessee’s own case on same issues — Only option is to refer to larger bench — Matter remanded to Tribunal [ S.253 ]
S. 254(1) : Appellate Tribunal- Powers- Donation -Power to remand matter- Based on the statement made by the donee, the Tribunal had rightly remanded the matter to the Assessing Officer . [ S.35(1)(ii) ]
S. 246A : Appeal – Commissioner (Appeals) – Appealable orders – Single Judge refusing request for passing over and dismissing petition on merits- Order of Single judge is set aside – CIT (A) is directed to disposal of appeal on merits expeditiously . [ S115JC , Art ,226 ]
S. 226 : Collection and recovery – Modes of recovery – Stay – Matter remanded.
S. 201 : Deduction at source – Failure to deduct or pay -Levy of compensatory interest — Order treating assessee as in default mandatory [ S.201(1) , 201(IA) ]