S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge-Estimation of gross profit-Penalty is deleted.[S, 274]
S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge-Estimation of gross profit-Penalty is deleted.[S, 274]
S. 271(1)(c) : Penalty-Concealment-Cash excess of prescribed limit-Loading and unloading-Ad-hoc disallowance-Levy of penalty is not justified.[S. 40A(3), 44AB,R. 6DD]
S. 271(1)(c) : Penalty-Concealment-Reassessment-No difference between returned income and assessed income-Penalty is not leviable. [S. 139(4), 148]
S. 271(1)(c) : Penalty-Concealment-Reassessment-Bogus purchases-Notice issued to parties returned as unserved by postal authorities-Addition on estimate basis-Deletion of penalty is affirmed. [S. 133(6), 147]
S. 270A:Penalty for under-reporting and misreporting of income-
Closing stock-Difference in value-Inadvertent mistake cannot be considered as misreporting of income. [S. 44AB, 270A(8)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Co-Operative Society-Interest on deposits with Co-Operative Bank-Entitled to deduction-Order of Assessing Officer is not erroneous and prejudicial to interests of revenue-Revision order is set aside.[S.80P(2)(d), 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Search and Seizure-Order passed after getting approval from Joint Commissioner-Order passed after examining the documents-Addition made on third-party based on documents and recorded statements-Third party order is not revised-Double taxation–Referred documents not of impugned assessment year or not belonging to assessee-Revision order is not valid. [S.133A 153A, 153B]
S. 254(1): Appellate Tribunal-Additional evidence Commissioner (Appeals)-Specific request of the CIT(A) to produce invoices of particular period-No violation of Rule 46A. [S. 250, R.46A]
S. 251 : Appeal-Commissioner (Appeals)-Powers-Dismissing appeal without appreciating grounds on merits-Transfer Pricing-Not dealing with issues-Disallowance of expenditure-Exempt income-Cryptic order-Matter remitted to Commissioner (Appeals) for fresh consideration. [S. 14A, 92C, 92CA, 115BBD, 154, R.8D]
S. 250 : Appeal-Commissioner (Appeals)-Procedure-Ex-parte order-Commissioner (Appeals) is bound to adjudicate appeal on merits in accordance with law by speaking order recording reasons.[S.69A, 250(6)]