S.2(14)(iii): Capital asset – Agricultural land –Sale of agricultural land – Purchaser changed the use for commercial purposes – Not assessable as capital gains . [Gujarat Tenancy and Agricultural Lands ( Amendment ) Act , 1997 ( GT & All) S.63AA,65B]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash in excess of Rs.20000-Proper inquiry was conducted-Revision is held to be not valid.[S.40(a)(ia), 40A(3), R.6DD]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Order of assessment was neither erroneous nor prejudicial to Revenue-Revision is not valid. [S. 143(3)]

S. 260A : Appeal-High Court-Delay in filing appeal-Delay was condoned subject to payment of cost of Rs.50000-Cost was not paid-Order condoning the delay is recalled.

S. 260A : Appeal-High Court-Commissioner-Revision of orders prejudicial to revenue-Capital gains-Penny stock companies-Tribunal quashed the revision order and also on merits-Revenue has challenged only on the ground on merits and not against quashing the revision order-Dismissing the appeal the Court held that a piecemeal challenge of the order passed by the Tribunal on one grounds on which relief was granted to assesseee was not maintainable. [S. 10(38), 45, 68, 254(1), 263]

S. 234B : Interest-Advance tax-Mandatory-Capital gains-Central Board Of Direct Taxes-Notification-Cannot override provisions of Statute-Or otherwise. [S. 119, 234B(2), Art. 226]

S. 220 : Collection and recovery-Assessee deemed in default-Stay-Discretion should be used in judicious manner.[S. 220(6), Art. 226]

S. 220 : Collection and recovery-Assessee deemed in default-Waiver of interest-Depreciation-Condition not fulfilled-Order
Favouring: Assessee, personof partial waiver is valid. [S. 220(2A), Art. 226]

S. 201 : Deduction at source-Failure to deduct or pay-Non-Resident-Non-Resident not liable to tax in India-Tax not deductible at source-Precedent-Revenue Officials are bound by the decisions of appellate authorities.[Art. 226]

S. 194A : Deduction at source-Interest other than interest on securities-Interest on compensation awarded by Motor Accidents Claims Tribunal-Interest assessable only if it exceeds fifty thousand rupees.[S. 145A(b), 194A(3)(ixa), Motor Vehicles Act, 1988, Art. 226]