S. 271B : Penalty-Failure to get accounts audited-University-Local authority-Failure to get accounts audited not to result in penalty but only in denial of exemption-Penalty not sustainable. [S. 10(23C)(iiiab), 12A(1)(b), 44AB]

S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge-Notice not valid. [S. 274]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest paid to customer-No details are filed in the course of assessment proceedings.[S. 143(3)]

S. 254(1) : Appellate Tribunal-Powers-Revised grounds-Additional evidence-Matter remanded.

S. 253 : Appellate Tribunal-Appeals-Delay of 1005 days-Delay due to negligence, lethargy or inaction on part of assessee-Delay is not condoned. [S. 254]

S. 201 : Deduction at source-Failure to deduct or pay-Short deduction-Assessee in default-Retainership fees-Matter remanded.[S. 197-201(1), 201(IA)]

S. 194C : Deduction at source-Contractors-Year end provision for expenses-Payee is not identifiable-Invoices received next year-Provision is reversed-Tax deducted at source-Assessee Could not be treated as in default for mere book entries in absence of ascertainable amount and identifiable payee. [S. 194I, 194J-201(1),201(IA)]

S. 153C : Assessment-Income of any other person-Search-Additional ground is admitted-Six years to be reckoned prior to date of receipt of seized material of other person-Seized document handed over to Assessing Officer on 18-9-2018-Six years to be reckoned from AY. 2013-14 to 2018-19-Assessment for the assessment year 2011-12-2012-13 is bad in law hence quashed. [S. 132, 254(1)]

S. 153A : Assessment-Search-No incriminating material is found-Proceedings is held to be invalid-No failure to disclose material facts-Reassessment proceedings in valid-Books of account not rejected-Addition on account of alleged increase in margin is deleted. [S.28(i), 145-148-148]

S. 147 : Reassessment-Validity-Estimate of value of assets by Valuation Officer-Transfer of Development Rights-Valuation referred to Valuation Cell-Subject matter of appeal-Limitation–Order of reassessment passed on ground time-limit would expire without waiting for Report-incorrect-Order is bad in law. [S. 142A(7)-143(3), 148, 153]