S. 119: Central Board of Direct Taxes-Circular-Property held for charitable purposes-Form No 10B was not filed along with the return-Mistake of chartered accountant-Delay of 1448 days-High Court condoned the delay and directed the authority concerned to allow the exemption. [S. 11, 12A, 119(2)(b), Form No 10B, Art. 226 ]

S. 119: Central Board of Direct Taxes-Circular-Property held for charitable purposes-Accumulation of income-Filed after due date of return-Delay of 338 days-Suffer genuine hardship if delay was not condoned, as accumulated amount had already been applied towards objects of trust in relevant assessment year and if exemption in respect of accumulated amount was denied and tax demand arising on account of denial of benefit of accumulation was recovered, it would place assessee in gross financial difficulty, delay in filing Form No. 10 was condoned. [S. 11(2), 11(5),139(1), Form No 10, Art.226]

S. 119: Central Board of Direct Taxes-Circular-Property held for charitable purposes-Deemed application of income-Filed Form No 10 instead of Form No 9A-[S.11(1), 12A, 80G,119(2)(b), Form No.9A Form No 10, Art. 226 ]

S. 119: Central Board of Direct Taxes-Circular-Property held for charitable purposes-Delay in filing tax audit report-High Court condoned the delay and directed to allow the exemption-SLP of revenue was delayed by 237 days-SLP is dismissed on account of delay as well as on merits. [S. 11, 12, Form No 10B Art. 136]

S. 115BAA: Certain domestic companies, tax on-Revised return filed after the due date of filing of return was not entertained-SLP of assessee was dismissed.[S. 115JB, 139, Form 10-IC, Art. 136]

S. 92C: Transfer pricing-Arm’s length price-Distribution business-No ALP adjustment made by TPO-Separate AMP adjustment was uncalled for-Order of Tribunal affirmed. [S. 260A ]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Intra-group services-Matter remanded by Tribunal to Transfer Pricing Officer-High Court holding no infirmity in order of Tribunal-SLP of revenue dismissed.[S.92CA(3), Art. 136]

S. 80IB(10): Housing projects-Built up area of each flat less than 1000 square feet-Approved construction plan-Unexplained money-Three flats on the same floor were sold at different rates-Rates at which flats were sold were higher than stamp valuation-Order of Tribunal deleting the addition was affirmed-No question of law. [S.69A, 260A]

S. 69C: Unexplained expenditure-Bogus purchases-Information for sales tax department-Hawala transactions-Not given an opportunity of cross-examination-Order of Tribunal limiting addition to 15 per cent of alleged purchases was affirmed. [S. 260A]

S. 68: Cash credits-Share application money-Shell company-Mere production of incorporation certificates, PAN numbers, income tax returns, or showing that transactions were routed through banking channels could not discharge the burden of proof under section 68-Assessing Officer’s conclusion was founded upon tangible, cogent and independent evidence, and not on conjecture, addition made by Assessing Officer was justified-Order of Tribunal set side. [S. 260A]