S. 271D : Penalty-Takes or accepts any loan or deposit-Transfer of money through journal entries-No penalty is leviable-Appeal of Revenue dismissed as infructuous. [S. 269SS, Art. 136]
S. 271D : Penalty-Takes or accepts any loan or deposit-Transfer of money through journal entries-No penalty is leviable-Appeal of Revenue dismissed as infructuous. [S. 269SS, Art. 136]
S. 271D : Penalty-Takes or accepts any loan or deposit-Acceptance of loans and deposits-Otherwise than by account payee cheque or account payee bank draft-Reasonable cause-Order of High Court deleting the penalty is affirmed. [S. 269SS, 273B]
S. 268A : Appeal-Instructions-Monetary limits-Applicable to revision order passed under section 263 of the Act-Appeal dismissed due to low tax effect. [S. 263, 260A]
S. 264 : Commissioner-Revision of other orders-Mistakenly filed details of the Assessement year 2014-15 instead of Assessment year 2013-14-Rejection of revision application is not justified-Matter remanded to the Commissioner for de novo con sideration. [S. 143(1), 154, Art. 226]
S. 264 : Commissioner-Revision of other orders-Undisclosed income — Not maintaining the books of account-Contract works and other sources-Tax deduction at source-Form No 26AS showing the additional income-Payee confirming the payments-8% gross profit is estimated including the undisclosed income-Rejection of revision order is affirmed by High Court. [S. 133(6), 143(3), Form No. 26AS, Art. 226]
S. 264 : Commissioner-Revision of other orders-Undisclosed income — Not maintaining the books of account-Contract works and other sources-Tax deduction at source-Form No 26AS showing the additional income-Payee confirming the payments-8% gross profit is estimated including the undisclosed income-Rejection of revision order is affirmed by High Court-SLP is dismissed. [S. 133(6),143(3), Form No. 26AS, Art. 136]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Matter in issue before Commissioner which was sought to be brought to rest by opting for benefit of Scheme was in context of same-Revision proceeding is quashed. [S. 143(3),147, Direct Tax Vivad Se Vishwas Act, 2020, S. 4] C
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision order is set aside by the Tribunal-Order giving effect to Revision is void ab initio. [S. 143(3), 254(1), 260A]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Principle of natural justice-No opportunity was given-Contrary finding-Order quashed-Cost of Rs 10000, was imposed which shall be paid to High Court Legal Service Committee. [S. 143(3), Art. 226]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Document Identification Number (DIN)-Intimation letter-Rectification of mistake-Failure to mention Document Identification Number in order is violation of mandatory requirement — Dismissal of Department’s application for rectification of order is justified. [S. 254(2) 260A]