S. 268A : Appeal-Instructions-Monetary limits-Less than 10 lakhs-Applicable to pending appeals-SLP of Revenue is dismissed. [S. 119, 260A, Art.136 [

S. 264 : Commissioner-Revision of other orders-concessional rate of tax on dividend distributed to its foreign holding company-Not justified in rejecting revision application on ground that assessee could have filed a revised return or an appeal under section 248-DTAA-India-Mauritius-Matter remanded to decide on merit. [S. 9(1)(i), 90, 139(5), 195, 248, art. 10(2),Art.226]

S. 264 : Commissioner-Revision of other orders-Fringe benefit tax-Included in the return as abundant caution-CIT(A) held that the amount included in the return is not chargeable to tax-Revision application is filed after 5-6 years-Application for condonation of application is rejected-Allowing the petition the Court held that since it took a long time for Commissioner (Appeals) to dispose assessee’s appeal, Commissioner should have condoned delay and decided matter on merits.[S. 115WB, 143(1), 250, Art. 226]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertakings-Infrastructure development-Order of Tribunal quashing the revision order and on merit affirmed by High Court. [80IA(4)(ii), 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Shares at premium-Confirmation was filed-Assessing Officer passed the order after verification-Order of Tribunal quashing the revision is affirmed. [S. 56(2) (viib), 143(3), 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Depreciable assets-Block of assets-Claim of set off of brought forward long term capital loss against short term capital gain under section 50-Plausible view-Order of Tribunal is affirmed. [S. 2(11), 32,72,143(3), 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Business expenditure-Specific query was raised in the original assessment proceedings-Mere failure to issue notice under section 133(6) did not warrant exercise of jurisdiction under section 263 of the Act-Order of Tribunal is affirmed-SLP of Revenue is dismissed. [S. 37(1), 133(6), 143(3), Art. 136]

S. 260A : Appeal-High Court-Delay 4 years and 100 days-Failed to give any adequate or sufficient reasons-Appeal was dismissed as time barred-SLP of Revenue is dismissed. [Art. 136]

S. 244A : Refund-Interest on refunds-Central Processing Centre (CPC)-Unable to input it foreign bank account details by imputing SWIFT code and IBAN as per ITR-Bank account is validated by revenue on 7-7-2023 and refund was made in October 2023 without interest-High Court directed the Revenue to pay interest on refund amount at rate specified in section 244A from 1-5-2022 to 5-10-2023. [S. 143(1), Art. 226]