S. 281 : Certain transfers to be void -Recovery of tax — Secured creditor — Priority of debt — Mortgage of land and construction -— Attachment of property — Transfers void against Department —Finding on date of initiation of proceeding prior to date of creation of mortgage not found in order — Order vague — Order set aside- [ ITRule. 83 , Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 — Recovery of Debts and Bankruptcy Act, 1993, Art. 226 ]

S. 3 : Payment of tax-Condonation of delay-delay of three days in depositing arrears of tax deserves to be condoned. [S. 5, Art. 226]

S. 2(1) :Disputed tax-Matter remanded by the Tribunal to the Assessing Officer-Bogus purchases-Tax to be computed on the element of Gross Profit in respect of addition made for bogus purchases and not entire purchases added by the AO in original assessment.[S. 2(1)(j)(B), 3, IT Act, S. 68. Art. 226]

Direct Tax Vivad Se Vishwas Act, 2020

S. 2(1) : Disputed tax-Rectification-As per clarification issued by CBDT if there was a reduction or increase in income and tax liability of assessee as a result of rectification, disputed tax would be calculated after giving effect to rectification order passed-Revised form 3 is held to be not justified. [S. 2(1)(j), ITAct, 154, Art. 226]

Black Money (Undisclosed Foreign Income And Assets) And Imposition Of Tax Act, 2015

S. 50: Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India-Appearance of petitioner is dispensed with certain conditions. [Criminal Procedure Code, 1973, S. 205]

S. 276CC : Offences and prosecutions-Failure to furnish return of income-Tax payable reduced by advance tax paid and tax deducted at source did not exceed Rs. 3,000, initiation of prosecution under section 276CC was not sustainable and liable to be quashed. [S.139]

S. 276CC: Offence and prosecution-Failure to furnish return of income-Penalty deleted-There was no penalty or assessment because of subsequent orders passed by the competent authority, entire criminal proceedings against assessee were to be quashed. [S. 139 279]

S. 276CC: Offence and prosecution-Failure to furnish return of income-Assessment order and penalty order is set aside-The criminal proceedings pending against the assessee were liable to be quashed. [S.132, 139, 153A 271F,,276(2), 27C(1),Code of Criminal Procedure 1973, S 190(1)(1), 200]

S. 271C: Penalty-Failure to deduct tax at source-AO issued penalty 11 years after assessment order passed-Held, imposing penalty barred by limitation. [S.275 (1)(c)]

S. 271(1)(c) Penalty-Concealment-Not specifying the charge-Satisfaction is sine qua non for initiation of proceeding and penalty proceedings-Order of Tribunal affirming the penalty is set aside.[S. 260A, 274]