S.43B: Deductions on actual payment – Employee’s contribution -paid before due date of filing of return –Allowable as deduction – Binding Precedent – Faceless assessment -Order of Jurisdictional High Court – binding on AO situated within territorial jurisdiction and respective first appellate authority. [ S. 2 (24)(x), 36 (1)(va), 139 (1), 143 (3) ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue -Loss on account of sale of shares – Mere non-mentioning of reasons for allowing said claim of assessee by Assessing Officer would not make assessment order erroneous so as to invoke revision jurisdiction- Unabsorbed depreciation – Sale of land -Difference between stamp value and actual consideration received – Addition is justified – loss on sale of vehicle – Remanded to Assessing Officer . [ S.28 (i),50, 50C , 72, 143 (3) ,170 ]

S. 40(a)(i) : Amounts not deductible – Deduction at source -Non-resident –Advertisement expenses – Expenditure not claimed as deduction – No disallowance can be made- Matter remanded . [ S .30 to 38, 195 ]

S. 12AA : Procedure for registration –Trust or institution- Charitable objects- Registration cannot be denied on ground that no activities had been carried out by Trust [ S. 2(15), 11, 12A ]

S. 50C : Capital gains – Full value of consideration – Stamp valuation – Sale consideration more than District level committee rate – Addition is held to be not justified .[ S.45 ] S. 50C : Capital gains – Full value of consideration – Stamp valuation – Sale consideration more than District level committee rate – Addition is held to be not justified .[ S.45 ]

S. 28 (i) : Business loss- Commencement of business — Purchase and sale – A single transaction may constitute business – Business expenditure are allowable and loss is entitle to carry forward . [ S. 2 (13) 37 (1) , 79 ]

S. 271(1)(c) : Penalty – Concealment – Non-striking off of the irrelevant part while issuing notice under section 271(1)(c) of the Income-tax Act,- Order is bad in law – Assessee must be informed of the grounds of the penalty proceedings only through statutory notice. An omnibus notice suffers from the vice of vagueness. [ S.274 ]

S. 11 : Property held for charitable purposes – Assessee is engaged in educational activities to spread education in matters relating to tax laws, other laws and accountancy-Entitle to exemption – Order of CIT (A) denying the exemption was reversed . [ S. 2 (15), 12A, 80G ]

S. 143 : Assessment – Reassessment – Notice- Reassessment order was passed against an amalgamated company (Non -existing ) company – not procedural defect – Mere participation of the assessee in the assessment proceedings is of no effect as there is no estoppel against law- Such a defect cannot be cured by invoking section 292B – A Writ Petition can be filed in the Bombay High Court against an order passed in Delhi if the assessee is based in Mumbai. The litigant has the right to go to ‘a Court’ where part of cause of action arises. [ S. 147 ,148 , 292B , Art , 226 ]

S. 245 : Refund- Set off of refunds against tax remaining payable –
The Dept has not complied with the requirements of s. 245 of the Act- It is difficult to appreciate the stand of the Dept that the order passed by the high court would not cover/operate over the matters and orders passed by the ITAT, Union of India being not a party to the matter- Such a justification from and the approach of, the authorities is difficult to be approved of which is not in fitness of stature, especially of the state department, which is supposed to act like a model litigant- Directed to refund the amount with interest with in four weeks . [ S. 220 (6), Art ,226 ]