S. 54F : Capital gains- Investment in a residential house – Advance received cannot be assessed as capital gains – The AO was directed to recompute the capital gains on actual consideration and also directed to allow the exemption under section. 54F . [S. 45 ]

S. 272A : Penalty-Failure to answer questions-Sign statements-Furnish information-Non-compliance of notices issued under section 142(1)-Assessment order was passed under section 143(3)-Penalty deleted. [S. 142(1), 272A(1)(d)]

S. 263 : Revision-Capital gains-Exemption u/s 54F-Failure of AO to verify claim-Revision upheld. [S. 54F, 147]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Scientific research expenditure-Weighted deduction-Allowed deduction under section 35(2AB) at 200 per cent-Allowable 150 per cent-Revision order is affirmed. [S. 35(2AB, Rule 6]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Additional depreciation-At rate of 10 per cent on ‘plant and machinery’ put to use for a period of less than 180 days during preceding year-No error-Revision order is set aside. [S. 32(1)(ii), 43(6)]

S. 263 : Revision-Capital gains-Interest on enhanced compensation-AO’s acceptance of exemption erroneous-Interest taxable [S. 10(37), 56(2)(viii), 145B(1), Land Acquisition Act, 1894, S. 28]

S. 206C : Collection at source-Illegal miners-transporters etc-Liable collect TCS-Order of CIT(A) is affirmed. [S. 206C(IC), 206(6). 206(7)]

S. 199 : Deduction at source-Credit for tax deducted-Trust-Sole beneficiary-Reflected in Form No. 26AS of trust-Assessing Officer is directed to take necessary steps to address request of both assessee and trust for transfer of TDS credit from Form No. 26AS of trust to Form No. 26AS of assessee and, thereafter, to allow credit in accordance with law. [Form 26AS]

S. 199 : Deduction at source-Credit for tax deducted-Sale of agricultural land-Tax was deducted at rate of 1 per cent-No tax was required to be deducted-Entitle to credit for entire TDS appearing in Form 26AS.[S. 194-IA, R. 37BA]

S. 199 : Deduction at source-Credit for tax deducted-CPC reduced TDS credit allowable to assessee on ground that gross receipts of assessee reflected in Form 26AS on which credit for TDS was claimed were higher than total of receipts shown under all heads of income in return of income-Matter remanded back to Commissioner (Appeals) to verify facts.[S. 143(3), Form No 26AS]