S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Company-Principal officer-Discharge affirmed by High Court-On submission by assessees order of discharge set aside and direction for trial to proceed keeping all defences available to accused open. [S. 2(35), 278B]

S. 271C : Penalty-Failure to deduct at source-Reasonable cause-Supplementary commission-Airline-Different views High Courts-Levy of penalty is quashed. [S. 194H, 273B, Contract Act, 1872, S. 182, 215, 216]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Valuation of shares-Conducting enquiry and not recording satisfaction for accepting the claim-Satisfaction of an administrative or a quasi-authority should be manifest and vivid on the face of the order or proceedings. There can be no inference as regards satisfaction, nor can the provision of law be read in to connote deemed satisfaction-Order of revision is valid. [S. 56(2)(viib), R. 11UA]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-High Court remanded the matter to Assessing Officer for consideration of claim-On SLP court held that the Assessing Officer to consider all pleas of assessee including consequences of retrospective amendment irrespective of observations of High Court or Tribunal. [S. 11, 12AA, 13(8), 80IB(10), 254(1)]

S. 237 : Refunds-Intimation-Right of assessee-Failure by Department to process return within prescribed time-Direction issued to Department to grant refund with interest. [S. 139, 140. 140A, 143(1), 244A, Art. 226]

S. 201 : Deduction at source-Failure to deduct or pay-Leave travel concession-Estimate of income-Assessee in default Public sector Bank-Employees travelling not only to domestic destination but to foreign countries-Not taking shortest possible route-Employees not entitled to exemption-Leave travel concession reimbursed without deduction of tax at source-Assessee could not claim ignorance about travel plans of employees-Complete facts available-Not a bona fide mistake-Liable to pay interest. [S. 10(5), 192(1), 201(1), ITR. 2B]

S. 201 : Deduction at source-Failure to deduct or pay-Interest-Non-convertible debentures and fixed deposit-Value less than Rs. 5,000-Not liable to deduct tax at source-Not liable to pay interest. [S. 201(1), 201(IA), Art. 136]

S. 201 : Deduction at source-Failure to deduct or pay-Assessee in default-If recipient includes amount in its income and pays taxes-Assessee cannot be held in default-Interest leviable for period between date of default in deduction and date on which recipient paid tax-Matter remanded for verification. [S. 201(1), 201(IA)]

S. 194H : Deduction at source-Commission or brokerage-Airline-Supplementary Commission-No distinction between direct and indirect payments-Principal-Agent relationship to be seen from terms of contract between parties-Liable to deduct tax at source-If recipient includes amount in its income and pays taxes-Assessee cannot be held in default-Interest leviable for period between date of default in deduction and date on which recipient paid tax–Different views High Courts-Reasonable cause-Levy of penalty was quashed. [201(1), 201(1A), 271C, 273B ; Contract Act, 1872, ss. 182, 215, 216]

S. 158BC : Block assessment-Undisclosed Income-Excess stock found during search-unaccounted income admitted by director in the course of search proceedings-Tribunal deleting the addition-High court reversing the order of the Tribunal-Order of High Court affirmed [S. 158BB, Art. 132]