S. 271(1)(c) : Penalty-Concealment-Disallowance of excess brought forward losses pursuant to MAP order-Revised computation filed-Time for filing revised return has expired-Paid additional tax along with interest-Penalty is deleted. [S. 143(2), 139(1), 139(5)]

S. 271(1)(c) : Penalty-Concealment-Bogus purchase-Addition made on estimate basis-Penalty is not leviable-Omission to strike off one of the twin charges in the notice-Not invalidate penalty proceedings. [S.69C, 274]

S. 270A:Penalty for under-reporting and misreporting of income-Omission to file return-Sale of property TDS deducted-Penalty is deleted. [S. 139,194IA Form No 26AS]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Non-Resident-Trading in shares-CIT has not pointed out any reason for doubting the explanation-Revision order is set aside.[S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Dividend-Mutual fund and Equity shares-Explanation 2 is not applicable-Revision is quashed. [S. 10(35), 115BBDA 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Unsigned assessment and non-service of order-Physical copy was signed-Up loaded unsigned copy-Revision is valid.[S. 143(3), 153C]

S. 250 : Appeal-Commissioner (Appeals)-Procedure-Territorial jurisdiction of CIT(A)-Appeal filed before non-jurisdictional CIT(A)-Order by the CIT(A) CIT(A), Noida is set aside and the matter is remanded to the CIT(A), Ghaziabad to adjudicate the appeal afresh in accordance with law. [S. 246A]

S. 199 : Deduction at source-Credit for tax deducted-Salary-Matter remanded to the file of CIT(A) for verification. [S. 192, Form no 26AS]

S. 164 : Representative assessees-Charge of tax-Beneficiaries unknown-Trust-Maximum marginal rate-Temple-Income from charity received from devotees coming to the temple and interest on bank deposits-Beneficiaries are general public-Revenue Department website also advises that the tax rate of the trust is as applicable to the individual-The tax rate as specified in S. 164(2) will apply to the AOP/Individual and the initial exemption is also available [S.2(37), 12A,164(1) 164 (2)]

S. 153 : Assessment-Reassessment-Limitation-Non-resident-The assessment was made as per the procedure laid down in S. 144C-No reference was made under S. 92CA(1)-Time-limit for completing the assessment under S. 147 was available upto 31st March, 2022-The final assessment order passed by the AO under s. 144 r/w s. 144C, dt. 12th Jan., 2023-Barred by limitation. [S.92CA, 144, 144C,147, 148 153(2)]