S. 271(1)(c) : Penalty – Concealment -Disallowance of claim under section 54 of the Act – Levy of penalty is not justified . [ S. 54 ]

S. 271(1)(c) : Penalty – Concealment –Bogus purchases – Estimate of income -Ex -parte order – Penalty is deleted – Tribunal also observed that when the necessary facts and circumstances and material on the basis of which, the issue in the appeal has to be decided, are already on record, this Tribunal would be slow in directing such remand which may ultimately lead to multiplicity of proceedings . [ S. 250 ]

S. 11 : Property held for charitable purposes – Expenditure incurred for renovation of school building and payment of taxes – Allowable as application of income though the assessee is not owner of the building . [ S. 11(1)(a)

S. 153C : Assessment – Income of any other person – Search – Recording of satisfaction -Additional ground – Question of law admitted – Document Identification Number / Document Number (DIN/DN) – CBDT circular -Binding on the Assessing Officer – Not mentioned in the assessment order – Order is quashed and set aside. [ S. 119, 143(3), 254(1), 292B ]

Direct Tax Vivad Se Vishwas Act, 2020 [DTVSVA]

S.4: Filing of declaration and particulars to be furnished – Peendency of appeal – Filing of declaration- Pendency of miscellaneous application before the Appellate Tribunal- Rejection of application by the Principal Commissioner was held to be not valid – PCIT was to be directed to issue acknowledgement in Form No. 3 against application made by assessee in Form No. 1 and Form No. 2 . [ S. 2 (1)j), Income tax Act, 1961 , S. 254(1), 254(2) 264 , Art . 226 ]

S. 2(9) : Benami Property transactions-Benami Transaction (Position prior to 1-11-2016)-Transaction which took place prior to 1-11-2016-Order of High Court is affirmed. [Art. 226]

S. 2(9): Benami Property transactions-Section 2(9) of Benami Transactions (Prohibition) Amendment Act, 2016 being prospective in nature, it could not be applied to transaction which took place prior to 1-11-2016. [Art. 226]

S. 183 : Declaration of undisclosed income-Reassessment notice was quashed. [Income-tax Act, 1961, S. 148, Art. 226]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-High Court dismissed the petition to quash the proceedings. [S. 200, 204, 278B]

S. 271(1)(c) : Penalty-Concealment-Penalty notice provided less than 24 hours to assessee to appear in person or through authorized representative-Shorter period could be termed as a pure and simple breach of principles of natural justice-Assessing Officer was to be directed to give an opportunity of hearing to assessee from stage where it was left-Matter remanded.[Art. 226]