S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash deposits during demonetisation-AO raised detailed questions and assessee filed responses-AO applied mind to facts-Order of revision quashed.

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital Gains-Exemption-Assessee given one more opportunity-Order of PCIT set aside-Matter remanded-Assessee to furnish all information. [S. 54]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital or Revenue expenditure-Consumables revenue expenditure allowable in the year in which put in line of production-Allowance in previous years not erroneous-AO taking sustainable view after enquiry-Revision not warranted. [S. 37(1)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Possible view taken by A.O. after pursuing all the evidences-In line with view taken by Tribunal-Revision not warranted. [S.2(47)(v), 54F, 143(3), Transfer of Property Act, 1882, S. 53A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Not following the order of Tribunal-Revision proposed by PCIT held in favour of assessee in earlier years-Weightage to tribunal order not given-Against fundamental Principles of judicial discipline-Revision not sustainable.[S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-AO calling for details of advertisement and sales promotion during assessment-Possible view taken after going through evidences-A.O. order not erroneous-PCIT not justified-Revision not warranted.[S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Failure to verify wages expenditure-Failure to deduct tax at on payments-Casual labour accepted without verification-AO accepted certificates filed by assessee without recording reasons-Revision justified. [S. 37(1), 40 (a) (ia), 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Failure of AO to inquire loss on disposal of assets/expenditure-A.O. duty bound to disallow expenditure which is not of revenue expenditure in P & L account-Revision Justified.[S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-AO made enquiries-Contention of the PCIT that examination not done incorrect-Contention that A.O. had only one day to pass order invalid-Revision not Justified.[S. 143(3)]

S. 254(1) : Appellate Tribunal-Powers-Limitation-Condonation of delay-Assessee’s CA expired-Assesssee made aware only upon intimation of penalty order-Assessee, a cardiac patient undergone treatment-Sufficient cause-Delay condoned.