S. 263 : Commissioner-Revision of orders prejudicial to revenue-Source of cash-Neither the Assessing Officer not PCIT examined the source of cash-The matter is remanded to the Assessing Officer to the limited extent to verify the cash available for making deposits in the bank. [ S.68, 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Mark to Market (MTM)-Specific query in the course of assessment proceedings-Loss was reversed in subsequent year-Revision order is quashed. [ S. 43(5)(d), 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue–Invalid assessment-Notice under section 143(2) is not served-Reassessment is bad in law-Issue of shares-Share capital-Order was passed after detailed investigation-Revision is bad in law.[ S. 56, 68, 143(2), 147, 148]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Merger-Interest free funds-Issue is subject matter of appeal before CIT(A)-Revision is bad in law-Transfer pricing-Section 92BA(i) is omitted.w.e.f. I st April, 2017 No ALP is required to be determined in respect of a domestic transaction-No reference was required to the TPO-Revision is bad in law. [ S.14A, 40A(2), 92BA, 92C, R.8D]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Show cause notice-Advertisement expenses-Without issuing show cause notice cannot direct the Assessing Officer to verify the bills and vouchers. [ S.40(a)(ia), 40A(3), 143(3)]

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record-Subsequent decision of Supreme Court-Delayed payment of employees contribution towards ESI and EPF-Orders allowing the appeals are recalled. [ S. 2(24)(x), 36(1)(va), 43B]

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record-Subsequent Supreme Court decision-Contribution to ESI and PF-Paid before due date of filing of return-Miscellaneous application filed by the Revenue is dismissed. [ S. 36(1)(va),139(1), 143(1)]

S. 253 : Appellate Tribunal-Appeals-Delay of 3966 days-Condoned-Cost of Rs 20000 is imposed on Revenue to be paid to Prime Minister National Relief fund-Bad debt-Reassessment-On merit the matter remanded to the file of the CIT(A) to decide a fresh in accordance with law. [ S.36(1)(vii), 143(3), 147, 148, 154, 253(5), 254(1)]

S. 251 : Appeal-Commissioner (Appeals)-Powers-Direction to initiate penalty proceedings-No proceedings were pending before CIT(A)-Direction to initiate penalty proceedings after culmination of appellate proceedings are without jurisdiction.[ S. 154, 250, 270A]

S. 251 : Appeal-Commissioner (Appeals)-Powers-Directions-Reassessment-Limitation-Reassessment on the basis of observation of CIT(A) is not justified-Reassessment is quashed as time barred.[ S. 147, 148, 149(1)(b), 150]