S. 263 : Commissioner-Revision of orders prejudicial to revenue-Method of accounting-Income Computation and Disclosure Standards (ICDS)-Accrual-NBFC Governed by RBI was not required to recognize its accrued interest on NPAs as income on accrual basis, provisions of ICDS would not be applicable

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Transfer of land used for agricultural purposes-Accepted the claim in another co-owner-Order is passed after [S. 54B]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash deposited-Demonetization period-Assessing Officer has added 20 percent of sales as unexplained cash credits-Revision order is quashed. [S. 68]

S. 253 : Appellate Tribunal-Appeals-Impleaded as corporate debtor before NCLT by financial creditor-Petition is admitted-Pending proceedings before ITAT cannot be continued-Provisions of IBC would prevail over Income-tax Act.[S. 254(1), Insolvency and Bankruptcy Code, 2016, S. 4, 31, 238]

S. 253 : Appellate Tribunal-Appeals-Impleaded as corporate debtor before NCLT by financial creditor-Provisions of IBC would prevail over Income-tax Act-Appeal is not maintainable. [S. 254(1), Insolvency and Bankruptcy Code, 2016, S.14, 31, 238]

S. 194H : Deduction at source-Commission or brokerage-Telecom services-Discount to distributors-Agreement is not considered-Matter remanded [S. 201]

S. 194A : Deduction at source-Interest other than interest on securities-Compensation /damage for delayed allotment of plot of land-Not interest not liable to deduct tax at source-Deduction of tax at source by mistake the assessee cannot be treated as assessee is default-Interest cannot be levied. [S. 2(28A), 133A, 201(1)]

S. 154 : Rectification of mistake-Mistake apparent from the record-Delay in deposit of employees’ contribution-Order of rectification is not valid.[S. 36(1)(va). 143(1)]

S. 145 : Method of accounting-Mercantile system of accounting-Payment of interest-Related parties-No modification in loan agreement-Terms cannot be modified by Board Resolution.[S.40A(2), Accounting Standard-9 (AS-9)]

S. 80 : Return for losses-Capital loss-Revised return filed beyond time limit prescribed under section 139(1)-Capital loss claimed beyond time limit under section 139(1) could not be carried forward under section 74. [S.74, 139(1), 139(5)]