S. 12AA: Registration of Trust Deed – Cancellation of Registration -Once registration has been granted under section 12AA after satisfying about genuineness of the activities of the Trust, the same cannot be cancelled on the basis of the same set of provisions of the Trust- . [S.12A, 12AA (3)]

S. 271G : Penalty-Documents-International transaction-Transfer pricing-Failure to furnish information within stipulated time-Absence of CFO-Reasonable cause-Penalty was deleted. [S. 92D(3), 274]

S. 271B : Penalty-Failure to get accounts audited-Derivative transaction-Turnover-Guidance note issued by ICAI on tax audit under section 44AB net result in derivative transaction to be considered as turnover-Not liable for penalty. [S. 44AB]

S. 271(1)(c) : Penalty-Concealment-Software maintenance-Royalty-Fees for technical services-Divergent views-Levy penalty is not valid. [S. 9(1)(vi), 9(1)(vii)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Commission to non-Resident-Pendency of application before AAR-Revision is held to be not valid. [S. 40(a)(i), 195]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-Income surrendered-Business income-Tax on specified income-Order is not erroneous. [S. 68, 69 to 69D, 115BBE, 133A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Co-operative societies-Deposits against loans-Not filed appeal against the assessment order-Revision order is quashed. [S. 56, 80P]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Depreciation-Lease of assets-Operating lease and finance lease transactions-lessee only had right to use vehicles-Entitle depreciation-Revision is not valid-Method of accounting-Estimate of income-Excess interest spread (EIS)-Revision is not valid-Chargeable in the year of receipt. [S. 2(28A), 32, 143, 145]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision order is quashed. [S. 80IB, 143(3), 153A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Permanent establishment-Non-levy or short levy of taxes-Amount paid to dependent agent at arm’s length remuneration for services performed-Revision is not valid-.-DTAA-India-Malaysia. [S. 9(1)(i), Art. 5, 7]