S. 54F : Capital gains – Investment in a residential house -Relief is available if unutilized sale consideration in capital gain account scheme within due date of filing belated tax return under S. 139(4) [ S.45 , 54B ]

S. 41(1) : Profits chargeable to tax – Remission or cessation of trading liability – Share application money from holding company which was adjusted against goods sold by assessee cannot be assessed as cessation or remission of liability .

S. 40A(7) : Expenses or payments not deductible – Gratuity -Delay in granting approval- As the condition was satisfied, no disallowances can be made .

Kar Vivad Samadhan Scheme -Finance Act 1988

S.88: Declaration and prescribed rates of amounts payable -No tax arrears on the date of filing of declaration – Arrears was adjusted without giving an notice of hearing -Rejection of application was held to be valid .[S.87 ]

Gift -tax Act , 1958.
S. 4: Deemed gift- Investment company- Sale of shares at Rs 10 per share as against book value of shares at Rs 6.86 per share cannot be held to be in adequate- Valuation as per Schedule III of the Wealth -tax Act, 1957 cannot be applied . Addition was deleted.

Pradhan Mantri Garib Kalyan Yojna 2016 ( PMGK Scheme) Finance Act , 2016

S.199: PMGK Scheme is self contained complete code-Benefit of credit for advance tax paid at any stage before , during pendency of Scheme or thereafter cannot be given- No provision prohibits or bars an assessee, who had made true and correct disclosure, to partly take benefit of the option under S. 115BBE and partly exercise the second option in the form of declaration under PMGK Scheme. The sections do not prohibit part declarations under both options, provided entire undisclosed income has been accounted for in the declaration made under PMGK Scheme and S.115BBE. [S.199A to 199R, S,115BBE, 216 ]

S.271(1)( c ):Penalty—Concealment – Long term capital gains –Not specifying the charge- Deletion of penalty was held to be not justified – Order was set aside to decide the issue on merit [ S.45 , 54F ]

S. 254(1) : Appellate Tribunal –Remand – Qualified remand was held to be not proper it has to be open remand , direction of the Tribunal was modified .

S. 234B : Interest – Advance tax -Capital gains- CBDT declined to waive the interest- Dismissing the petition the Court held that in law, equity would be subservient to; and, could not override; statute —Rejection of petition for waiver of interest is held to be justified [ S.119 ]

S. 226 : Collection and recovery – Modes of recovery- The ITO (TDS) Bhagalpur cannot act arbitrarily and extend favour to the Mining Department and release their Bank account and decide to attach the Bank account of the petitioner and recover the tax liability from the Bank account of the petitioner in proceedings u/s 226(3)- Department was directed to refund the amount collected with in three months along with interest , failure to which the department was directed to pay the cost of Rs 1 lakhs which shall be paid from the pocket of the ITO. [ S.226(3) ]