S. 220 : Collection and recovery – Assessee deemed in default – Interest mandatory — Delay in payment of tax — Waiver — No genuine hardship- Raising dispute before Authority not ground for waiver of interest — Dispute pending resolved under mutual agreement procedure – Order of Commissioner refusing to waive interest is justified. [ S. 220(2), 220(2A) ]

S. 142(2A): Inquiry before assessment– Special audit– Reference to Special Audit – Without opportunity of being heard – Illegal – No extension of time for assessment – Additional ground – Assessment order is barred by limitation. [ S. 143(3), 153 , 254(1) ]

S. 276CC : Offences and prosecutions-Failure to furnish return of income-Tribunal quashing the order on ground of limitation-Criminal prosecution initiated against petitioner for committing offences under sections 276CC and 276 could not be quashed. [S. 139, 148, 153A, 276C, 278E]

S. 276CC : Offences and prosecutions-Failure to furnish return of income-Survey-Delay of several months-Launching of complaint is justified-Petition to quash the proceedings dismissed. [S. 133A, 139, 148, 271(1)(c), 276(1), 277]

S. 276C : Offences and prosecutions-Wilful attempt to evade tax-Order of CIT(A)) was set aside by the Tribunal-Prosecution launched on alleged failure to comply demand notice will not survive-Criminal petition was allowed. [S. 256, 276((2), 278E]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Not managing director-Not in charge of day to day activities of the company-No error was committed by Trial Court in discharging assessee-Revision petition of Revenue was dismissed. [S. 2(35)(b)]

S. 271(1)(c) : Penalty-Concealment-Disallowance of claim. [S. 45, 94, 260A]

S. 270A : Penalty for under-Reporting and misreporting of income-Immunity from imposition-Furnished all details of transactions-Disallowance cannot be considered misreporting-In absence of details as to which limb of section 270A was attracted and how ingredient of sub-section (9) of section 270A was satisfied, mere reference to word misreporting by revenue in penalty order to deny immunity from imposition of penalty and prosecution makes impugned order manifestly arbitrary-Penalty was quashed-Revenue was directed to grant immunity under section 270AA of the Act. [S. 14A, 270A(9), 270AA, Art. 226]

S. 264 : Commissioner-Revision of other orders-Temporary advance in respect of nine concerns-Interest on borrowed capital-Reassessment-Rejection of revision application is held to be not valid [S. 36(1)(iii) 147, 148, Art. 226]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Pendency of appeal before Tribunal-Stay of proceedings-Assessing Authority could complete assessment proceedings pursuant to findings given by revisional authority-No notice of demand should be made by Assessing Authority pursuant to such order till said appeal before Tribunal was disposed off. [S. 254(1), Art. 226]