S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Cost of improvement-Cost of acquisition-Paid to shareholders under Family Settlement-Relinquishment of rights-Encumbrance charges as cost of improvement-Revision order is affirmed-Review petition is dismissed. [45, 48, 50A, 55(1))b), Art. 136]

S. 260A : Appeal-High Court-Prosecution-Appeal against acquittal undr code of 1973-High Court has power or jurisdiction to condone delay in filing an application seeking leave to appeal against an acquittal or in entertaining an appeal against acquittal under Code of 1973 [S. 279, Code of Criminal Procedure Code, 1973, 378, Limitation Act, 1963, S. 5, 24, Art. 14, 136, 226]

S. 260A : Appeal-High Court-Delay of 286 days-Order was passed by Prothonotary & Senior Master, rejecting revenue’s appeal for non-removal of office objections-All notice of motions were dismissed by High Court-SLP of Revenue is dismissed. [Art 136]

S. 254(2A): Appellate Tribunal-Stay-Political parties-Denial of exemption-Rejection of stay by the Tribunal-Tribunal is justified in rejecting the stay application. [S. 13A(2), 226, Art. 226]

S. 254(1) : Appellate Tribunal-Duties-Tribunal remanded matter back to Assessing Officer for proper verification and adjudication and decide same as per law-Failure to consider earlier order of Tribunal-Matter remanded to the Tribunal for reconsideration. [S.14A, 260A]

S. 245C : Settlement Commission-Settlement of cases-Failure to make true and full disclosure of income and its sources-Rejection of appllication is affirmed. [S. 132, Art. 226]

S. 244A : Refunds-Interest on refunds-Lease rent on the basis of actual production days-Deducted TDS on higher on the basis of anticipating tax liability-Excess TDS paid is directed to be refund with interest.[S. 195, Art. 226, 265]

S. 244 : Refund-Interest on refunds-Not entitle to interest at the rate of 18 per ccent-Salary paid in arrears or in advance-Refundable amount-Relief under section 89 is to be considered at time of calculating payable amount of tax there is no provision in Act to refund amount of relief granted under section 89 as it is [. S. 89(1), 237, Art. 226]

S. 243 : Refund-Interest on delayed refunds-Failure to grant interest-Strictures-Interest being paid in view of delay by department and officers did not realize that it was a public money that was used to pay interest and an effort should be made to save this public money-Failure to pay same would be viewed as a wilful disobedience of orders and may lead to contempt proceedings. [Art. 226]

S. 226 : Collection and recovery-Modes of recovery-Stay of recovery-Re-agitate issue before High Court-Writ petition is dismissed. [S. 226(3), Art. 226]