S. 269SS : Acceptance of loans and deposits-Otherwise than by account payee cheque or account payee bank draft-Dishonour of cheque-Loan exceeding Rs.20,000-Violation of section 269SS or section 271AAD of the Act of 1961 would not render the transaction unenforceable under section 138 of the Act of 1881.[S. 271AAD, 271D Negotiable Instruments Act, 1881, S. 118, 138, 139]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Joint Development Agreement-Stock in trade-No transfer-Registering authority has not treated as conveyance-Order of Tribunal quashing the revision is affirmed. [S. 43CA. 45]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reasonable opportunity was not given-Revision order is quashed.

S. 260A : Appeal-High Court-Search and Seizure-Issue given up on appeal to Tribunal-Issue cannot be raised before High court. [S. 143(3), 153A,153C]

S. 260A : Appeal-High Court-Delay of 498 days-Cyclostyled application-Not sufficient cause-Delay was not condoned. [Code of Civil Procedure, 1908, S. 151]

S. 254(1) : Appellate Tribunal-Duties-Appeals by Revenue and Assessee-Tribunal should consider both appeals together. [S.253, 260A]

S. 251 : Appeal-Commissioner (Appeals)-Powers-Finding of CIT(A) on remand for fresh assessment after further enquiry which was up held by the Tribunal is quashed.[S. 251(1)(a), 254(1),260A]

S. 245 : Refunds-Set off of refunds against tax remaining payable-Failure to comply with provision-Entitle to refund with interest if any in accordance with law. [S. 237, 244A(1), 244A(IA), Art.

S. 237 : Refunds-Failure to give effect to remand order of the Tribunal within prescribed time-Assessment order is barred by limitation-Directed to grant refund with interest.[S. 153(3), 153(4), 254(1), Art. 226]

S. 220 : Collection and recovery-Assessee deemed in default-Stay-Discretion must be exercised judicial manner.[S.220(6), Art. 226]