S. 269SS : Acceptance of loans and deposits – Otherwise than by account payee cheque or account payee bank draft -Depositors were agriculturists and transactions were genuine – Penalty cannot be imposed [S.271D ]

S. 268A : Appeal– Monetary limits – Circular is not applicable where decision on principle is involved.[ S. 119 ]

S. 268A : Appeal– Monetary limits – Circulars are binding on department- Reference application was rejected [ S. 119 ]

S. 264 :Commissioner – Revision of other orders -Business expenditure -Real income -Non filing of revised return cannot be the ground to reject the application [ S. 37(i) ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Educational expenses of director at abroad- Expenditure allowable or not requires greater scrutiny therefore revision was held to be justified [ S. 37(1) ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue –Exemption was claimed in respect of share of profit was credited to partners account – Two views possible – Revision was held to be not valid [ S.10(2A)]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Capital gains — Cost of acquisition —Tribunal directed the assesse to file relevant documents and directed the AO to decide accordance with law . [ S.45, 48 ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Derivative loss – Setting a side of order without giving any finding was held to be bad in law [ S.43(5) ]

S. 263: Commissioner – Revision of orders prejudicial to revenue – Even if there is lack of inquiry by the AO and the assessment order is “erroneous” under Explanation 2 to s. 263, the order is not “prejudicial to the interests of the Revenue” [ S. 2(43),40(a)(v)115JB]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Source of capital contribution was explained – Source of the source cannot be gone in to – Revision was held to be bad in law [ S. 68 ]