S.147: Reassessment – After the expiry of four years -Advertisement and sales promotion -No failure to disclose material facts – Reassessment notice and order disposing the objection was quashed – SLP of Revenue is dismissed . [ S. 37(1), 148, Art. 136 ]

S. 271AA : Penalty-Failure to keep and maintain books of accounts-Documents-International transaction-Transfer pricing-Not specified the documents / information which are required to be kept or maintained-Order of CIT(A) deleting the penalty is affirmed.[S.92D(1), 92D(2)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue Capital gains-Penny stocks-Exemption cannot be denied merely based on surrenders made by bogus entry providers claiming that it provided bogus LTCG through shares of such company-Revision order is quashed.[S. 10(38),45 148]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Amounts not deductible-Value added tax remittances-Collected VAT along with sale price of liquor bottle-VAT payable by assessee would not attract provisions of section 40(a)(iib) of the Act-Revision order is quashed.[S. 37(1), 40(a)(iib)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited scrutiny-No entry in order sheet in assessment proceedings-Non application of mind-Revision is held to be valid.[S.37(1), 143(3)]

S. 251 : Appeal-Commissioner (Appeals)-Powers-Capital gains-Business income-Jurisdiction of Commissioner (Appeals) does not extend to introducing an altogether new source of income.[S. 28(i), 45]

S. 251 : Appeal-Commissioner (Appeals)-Powers-Delay of 54 months-Father hospitalised-Delay is condoned-Directed the CIT(A) to decide on merits. [S. 250]

S. 148 : Reassessment-Notice-Notice issued by non-Jurisdictional Assessing Officer-Order is void-ab initio. [S. 147]

S. 221 : Collection and recovery-Penalty-Tax in default-Original return invalid-Revised return-Failure to pay tax as per original which was held to be invalid-Levy of penalty is not valid. [S. 139(4) 140A]

S. 206C : Collection at source-Trading-Alcoholic liquor-Forest produce-Scrap-Buyers declaration in Form No 27C-No time limit is prescribed-Delay in filing the Form-Cannot be treated as asseessee in default-Benefit cannot be denied-Matter is remanded to the file of the Assessing Officer to decide issue de novo after giving assessee due opportunity of hearing. [S. 206C(IA), (206C(6), 206C(7), Form No 27C]