S. 263 : Commissioner-Revision of orders prejudicial to revenue-After initiating proceedings Commissioner is required to conduct enquiry-Reasons for satisfaction or non-satisfaction are required to be recorded-Procedure is not followed-Order of Tribunal affirming the Revision is set aside-Matter remanded back to Commissioner to reconsider the reply and the documents of assessee.[S. 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Special category states-Expansion of business-Merger-Court held that since Tribunal categorically held that assessee was entitled to deduction at 100 per cent, act of Principal Commissioner amounted to revision of order of Tribunal which is beyond jurisdiction of Principal Commissioner-Order of Tribunal is affirmed. No substantial question of law.[S. 80IC 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Capital gains-High Court affirmed the order of the Tribunal quashing of revision order.[S. 45]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Capital gains-High Court affirmed the quashing of revision order-SLP of Revenue is dismissed, delay of 484 days is not explained.[S. 45, Art. 136]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest on refunds-Order passed giving effect to the order of the CIT(A)-Order of Tribunal quashing the revision order is affirmed-SLP of Revenue is dismissed. [S. 244A, Art. 136]

S. 260A : Appeal-High Court-Circulars-Monetary limits-Commissioner-Revision of orders prejudicial to revenue-Tax liability in revenue appeal was below Rs. 1 crore, in view of Circular No. 5/2024, dated 15-3-2024 appeal is not maintainable before High Court. [S. 263, 268A]

S. 260A : Appeal-High Court-Review petition-First review petition was dismissed, benefit of authority in case of Khoday Distilleries Ltd v. Mahadeshwara Sahakara Sakkare Karkhane Ltd(2019) 262 Taxman 279 (SC) would not be applicable to facts-Second review petition was also to be dismissed.

S. 260A : Appeal-High Court-Review petition before High Court which was dismissed as withdrawn without any liberty-SLP against order of High Court which was also dismissed-Another Review petition is also dismissed-SLP is dismissed. [Art. 136]

S. 254(1) : Appellate Tribunal-Powers-Ex parte order by the Tribunal-Un explained cash credits-Negligent of the Chartered Accountant to make effective representation before the Tribunal-Negligence was not attributable to assessee,-Matter is restored before Tribunal to give an opportunity of hearing-Directed to deposit cost of Rs 25000 before the Tribunal.[S. 68, 260A]

S. 268A : Appeal – Monetary limits – Less than Rs.1 crore – Appeal of Revenue is dismissed – Contribution to construction of new bridge – Capital of revenue .[ S.37(1), 260A ]