S. 263 : Commissioner-Revision of orders prejudicial to revenue-disallowance of Fringe Benefit Tax (FBT)-Provision in respect of slow moving and obsolete inventories-Issue not raised in the show cause notice-Revision is held to be not valid.[S.40A(2)(b), 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Development of residential complex-Land converted into stock in trade-Possible view-Order of Tribunal is affirmed. [S. 2(47)(v), 45(2), 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertakings-Road infrastructure development-High Court affirmed the order of the Tribunal-SLP of Revenue is dismissed. [S. 80IA, Art. 136]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bogus purchases-Order of High Court affirming the order of Tribunal is affirmed-SLP dismissed.[S. 69A,Art. 136]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-disallowance of Fringe Benefit Tax (FBT)-Provision in respect of slow moving and obsolete inventories-Issue not raised in the show cause notice-High Court affirmed the order of the Tribunal-SLP of Revenue is dismissed. [S. 40A(2), Art. 136]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deemed dividend-Unsecured loan from its group companies-Delay of 470 days-SLP dismissed on ground of delay as well as on merits. [S. 2(22)(e), Art.136]

S. 260A : Appeal-High Court-Procedure to be adopted by High Court — Court must formulate question and admit appeal-Hear parties and dispose of appeal-High Court admitting appeal without formulating substantial question of law and hearing appeal on merits and reserving judgment — Question of law thereafter framed and appeal allowed — Procedure not in consonance with law-Judgment was set aside and matter is remanded to High Court for reconsideration of appeal. [S. 260A(7), Civil Procedure Code, 1908, S.100, O. XLII, R. 1]

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Value of any benefit or perquisites-Converted in to money or not-Borrowed term loans and working capital loans from bank-One time settlement (OTS)-Principal value of loan-Order of Tribunal dismissing the miscellaneous application is set aside-Directed the Tribunal to reconsider the application-Writ petition-Discretion of the Court. [S.4, 28(iv), Art. 226]

S. 254(1) : Appellate Tribunal-Powers-Dismissal of appeal-Non appearance-Failure to appear on the appointed date, failure to make arrangement to represent her before Tribunal by an authorised representative and also failed to seek another date of hearing-Order of High Court is set aside-Matter is restored to the file of the CIT(A).[S. 54F, Art. 136]

S. 245H : Settlement Commission-Power-Grant immunity from prosecution and penalty-Order of High Court remanding the matter to Settlement Commission to determine fresh, the question as to immunity from levy of penalty and prosecution is set aside. [S. 245C, 245D, 271(1))(c), Art. 136]