S. 271(1)(c) : Penalty-Concealment-New claim-Change in accounting method-Not a case of concealment of income or furnishing of inaccurate particulars-Deletion of penalty is held to be justified. [S. 132, 145, 153A]

S. 269UD : Purchase by Central Government of immoveable properties-Leasehold rights in property-Central Government in possession of property after expiry of lease-Central Government is Liable to pay Municipal taxes on property. [S. 269UD(1), Art. 285, Mumbai Municipal Corporation Act, 1888, S. 139]

S. 264 : Commissioner-Revision of other orders-Export of computer software-Omitting to claim exemption in return-Rejection Of Rectification-Revision application was rejected on the ground that delay in filing the revised return-Rejection of revision application was held to be not justified-Directed to allow the claim made u/s. 154 of the Act. [S. 139(5), 143(1), 154, Art.226]

S. 264 : Commissioner-Revision of other orders-Delay in filing revised return claiming benefit under-Substantive benefit cannot be denied on ground of procedural formality-Delay was condoned and directed to pass a speaking order with in a period of three months from the date of receipt of a copy of the order. [S. 80JJAA, 139(5), 288(2), Art. 226]

S. 254(1) : Appellate Tribunal-Powers-Remand of matter-Power must be exercised judiciously-Remand was held to be not valid-Order of CIT (A) allowing the claim is affirmed. [S. 80JJA, 250(4)]

S. 254(1) : Appellate Tribunal-Powers-Order of remand by Tribunal without reasons-Held to be not justified. [S. 115JB]

S. 254(1) : Appellate Tribunal-Duties-Research in the chamber-Order on basis of material not supplied-Royalty-Purchase of space Failure to deduct tax at source-Matter remanded to decide it fresh in accordance with law. [S. 9(1)(vii), 195, 201(1), 201(IA)]

S. 254(1) : Appellate Tribunal-Duties-Tribunal has to follow decision of Co-ordinate Bench. [S. 10B]

S. 245R : Advance rulings-Application-Transfer of shares in Indian Company by Non-Resident Companies to another Non-Resident Company-On facts, transactions prima facie to avoid capital gains tax in India-Applications not maintainable. [S. 245Q, 245R(2)]

S. 245D : Settlement Commission-Jurisdiction of Court-Doctrine of Forum Conveniens-Principal Commissioner and the Deputy Commissioners were with in jurisdiction of Karnataka High Court-Writ petition was dismissed on the ground of forum conveniens. [Art. 226]