S. 249 : Appeal-Commissioner (Appeals)-Form of appeal and limitation-Delay of 231 days- Affidavit was filed explaining the delay -Revenue has not disputed the correctness of the affidavit–Delay was condoned–Matter remanded to Tribunal to decide on merits.

S. 245D : Settlement Commission-Unexplained money–Application for Offering the Income of Rs. 27.05 crores–Accepted at Rs.30 crores-Order of settlement commission is held to be valid. [S. 69C, 153A, 245C]

S. 244A : Refund–Interest on refunds–Entitle to interest on refund of excess self assessment tax paid.

S. 226 : Collection and recovery–Stay–Pendency of appeal before CIT(A)- Directed to deposit only 1% of tax demanded during pendency of appellate Proceedings. [S. 68, 250]

S. 69 : Unexplained investments–Undisclosed sales of flats -Sale proceeds never came in to possession of the assessee-Deletion of addition is held to be justified.

S. 68 : Cash credits -Share capital–Documents were not produced– Addition is held to be justified.

S. 68 : Cash credits–Share application money–AO has not conducted any enquiry–Addition on surmises is held to be not justified.

S. 68 : Cash credits–Un explained cas h sales of Rs .3.12 crores only one month–Not explained satisfactorily–Addition is held to be justified.

S. 68 : Cash credits–Trade advances-Adjusted against sales made in subsequent years-Deletion of addition is held to be justified.

S. 54 : Capital gains – Profit on sale of property used for residence- Consideration that arose in hands of HUF on sale of capital asset had been invested for purchase of new residential house in name of some of its members instead of assessee (HUF)-Entitle to exemption. [S. 45]