S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Business connection-Subscription fee-Access to data base pertaining to legal and law related information-Business profits-No permanent establishment in India-Not taxable in India-DTAA-India-USA. [S.9(1)(1), Art. 5, 7, 12]

S. 56 : Income from other sources -Transactions between partners and firm-Will – Family settlement –Brothers and sisters -Changes in the profit sharing ratio- Colourable device – Transfer – Capital contribution- The provisions of Section 56(2)(viia) of the Act is not applicable – Order of CIT(A) deleting the addition is affirmed . [ S. 2(31)(iv), 2(47), 14, 56(2)(viia), R. 11UA ]

S. 12AB: Procedure for fresh registration – The object of the company is to promote Indian heritage art such as Indian Classical music, organize regular concerts and performances by renowned and emerging Indian etc -Renewal of registration cannot be denied on the ground that the objects of the trust may contain clauses, which may enable a charitable trust or institution to apply its income for activities carried outside India – Denial of registration and 80G exemption is set aside – On merit the matter is remanded to the CIT( E) to examine the genuineness of the activists. [ S. 2(15) , 11(1)( c), 12A, 12AB , 80G , Companies Act, 2013 , S.8 ]

S. 271D : Penalty-Takes or accepts any loan or deposit-Sale of property-Distress sale constitute reasonable cause-Cash deposited in the bank-Levy of penalty is deleted.[S. 269SS, 273B]

S. 271B : Penalty-Failure to get accounts audited-Affidavit-Obtained tax audit report on 28th Sept., 2011-Inadvertently filled the column regarding details of audit under S. 44AB wrongly as No-Bonafide mistake-Penalty is deleted. [S.44AB]

S. 271(1)(c) : Penalty-Concealment-Search-Additional income declared- No incriminating material is found-271(1)(c),Explanation 5 is not applicable-Penalty is deleted. [S. 132,132A, 153A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of proper enquiry-TPO-Transfer pricing-Instruction No. 3 of 2016, dt. 10th March, 2016-Both parties paying tax at similar rate-Failure to follow the directions of the Circular-Order is erroneous.[S.40A(2)(b)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of proper enquiry-Lease rent-Detailed enquiry was made in the course of assessment proceedings-All details were furnished-Order is not erroneous-Revision is quashed-Repairs and maintenance-freight forwarding, miscellaneous expenses and sales promotion-Revision is justified as regards to freight forward expenses. [S. 40A(2)(b), 142(1), 194I]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of proper enquiry-Capital loss-Acquisition cost-Revision is up held-Bad debt-Revision is not valid-Depreciation of investment-Revision is valid-Bad debt-Provision for bad and doubtful debt-Revision is valid. [S.28(i) 36(1)(vii) 36(1)(viia), 45, 48, 70 143(3)]

S. 253 : Appellate Tribunal-Appeals-Suppression of production-Current year loss-Unabsorbed depreciation-Issue which does not arise out of the order of the CIT(A) cannot be raised before the Tribunal. [S. 154,254(1), 250, 263]