S 37(1): Business expenditure – Market development expenses – Capital or revenue – Expenses incurred towards sale of product- Revenue nature .

S. 271(1)(c) : Penalty-Concealment-Book profit-Penalty is not leviable. [S. 115JB]

S. 271AAB:Peanlty-Search initiated on or after Ist day of July 2012-Undisclosed income-Detection of unexplained liabilities and expenses-Incriminating were found in the course of search-Not specifying the limb-Order of levying the penalty is affirmed. [S. 132]

S. 268A : Appeal-Instructions-Circulars-Monetary limits-Appelllate Tribunal-Earlier years appeals are admitted by High Court and pending for final hearing-Issue covered by Supreme Court-Tax effect is below monitory limit-Appeal is not maintainable-Delay of 516 days.[S. 253(2)) 253(5)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Invalid reassessment cannot be set aside under section 263-Reopened to examine cash deposits-No addition was made-Revision on the ground that the AO has wrongly allowed exemption under section 54B and 54F-Revision order is quashed and set aside.[S.54B, 54F, 147, 148]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Assessing Officer partly disallowed the claim-Reassessment order is quashed-[S. 56, 57, 263, Explanation 2.]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Enhanced compensation granted under the Land Acquisition Act, 1894-Assessing Officer treated as exempt-Jurisdictional High Court held as taxable-Revision order is affirmed. [S. 10(37), 56(2)(viii), Land Acquisition Act, 1894, 28, 34]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-AO raised specific queries-Revision order is quashed.[S. 133A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Consultation fees in the form of syndication fees for raising Convertible Cumulative Preference Shares-The AO has taken a plausible view-Revision order is set aside. [S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Expenditure on scientific research-Conducted detailed enquiries into claim of deduction-Revision order is quashed. [S. 35(2AB), 143(3)]