S.271(1)( c ): Penalty – Concealment – Undisclosed income surrendered during survey not included in the return- Tax was paid – Bonafide mistake – Deletion of penalty is held to be justified .[S.133A ]

S.68: Cash credits –Sale of car-Resale of car-Purchase was not doubted –On resale to from whom the car was purchased- Addition is held to be not justified .[ S.32 ]

S. 9(1)(vi) : Income deemed to accrue or arise in India – Royalty –Amount paid by AE for sale of software is not royalty -Right to use copy right –Matter remanded -DTAA-India –Belgium [ S.90 ,Art ,12(3) ]

S. 271C : Penalty-Failure to deduct at source–It is necessary to establish ‘contumacious conduct’ on the part of the assessee for failure to deduct tax at source for levy of penalty – Penalty was deleted. [S. 194C]

S. 271AAB : Penalty where search has been initiated–Assessee recorded profits from sale of commodities in ‘other documents’ maintained in normal course, which were retrieved during search, penalty could not be levied.[S. 44AA(2), 132]

S. 271AAA : Penalty-If no search has taken place in premises of assessee – All conditions laid down fulfilled–Deletion of penalty is held to be justified. [S. 132, 153C]

S. 271(1)(c) : Penalty–Concealment–Preferring incorrect claim by itself will not tantamount to furnishing inaccurate particulars of income and therefore penalty under S.271(1)(c) of the Act, cannot be imposed on the same.

S. 198 : Deduction at source-Tax deducted is income received–Mismatch of receipts- Balance sheet item-Service tax wrongly treated as TDS by AO cannot be considered as income. [Form 26AS]

S. 195 : Deduction at source-Non-resident-Other sums-Payment made to foreign entities for supply of equipment-where no income accrued in India – Not liable to deduct tax at source. [S.5, 9(1)(i), 194C]

S. 194C : Deduction at source–Contractors–Sub-Contractor- Contractor has to deduct tax at source on payment made to their sub contractors – Where person fails to deduct tax at source on sum paid to resident or on sum credited to account of resident such person shall not be deemed to be assessee in default in respect of such tax if such resident has furnished his return of income u/s. 139. [S. 40(a)(ia), 139, 201]