S. 10(1) : Agricultural income-Agricultural land-Sold to non-agriculturist-Not capital asset-Not liable to be assessed as capital gains-Sold agricultural land and purchased another agricultural land and took possession-Entitle to deduction. [S. 2(14), 45, 54B]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Refund of amount-Cannot be taxed-DTAA-India-USA. [Art. 12]

S. 276C: Offences and prosecutions – Wilful attempt to evade tax – Bogus purchase – Estimate of 12.5 per cent of Bogus Purchase upheld by CIT(A) and ITAT – No penalty was levied -High Court held that prima facie ingredients of offenses are satisfied – Assessee has wilfully and intentionally evaded his tax liability- Writ petition to quash the prosecution was dismissed . [S. 148, 279(1), Art. 226 Code of Criminal Procedure, 1973, S. 482 ]

S. 271G : Penalty-Documents-International transaction-Transfer pricing-Manufacture of high end jewellery-Not maintained documents as required due to practical difficulties-Levy of penalty is held to be not valid. [S. 92D(3), Rule 10D(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-A.O examined the documents furnished based on inquiry during Assessment-Revision is held to be not valid. [S. 54F]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Order passed u/s. 143(3) r/w sec 153B, after approval from Jt. CIT u/s 153D-Revision of Order passed by PCIT is nullity and void ab initio-Admissibility of documents seized from third party-No corroborative evidence brought on record-Considered as inadmissible evidence in proceedings u/s 263. [S. 143 (3), 153B, 153D,Indian Evidence Act,1872, S.65B(4)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Unexplained moneys-When during scrutiny assessee had submitted all relevant details regarding loans and advance and explained that said advance was returned back in next year, AO after due verification passed order, invocation of revision was unjustified. [S.69A]

S. 253 : Appellate Tribunal-Death of assessee-mandatory to file a revised form 36-Failure to do so appeal shall stand abated-Liberty is given to the parties to file application for revival along with revised Form No 36 in accordance with law. [S.254 (1), ITAT R, 26, Form No. 36]

S. 234A : Interest-Default in furnishing return of income-Search and seizure-the interest u/s. 234B is to be levied only on the additional tax levied on the enhanced income determined u/s. 153A, r.w.s.143 of the Act. [S. 143(3), 153A 234B]

S. 206AA : Requirement to furnish Permanent Account Number-Deduction at source-Short deduction of tax-Non provision of PAN-Section 206AA cannot override DTAA in case of payment made to non-resident. [S. 90, 195]