S. 271(1)(c) : Penalty-Concealment-Surrender of undisclosed income-Satisfaction recorded in the assessment order-Notice valid-Matter remanded to Tribunal to decide on merits.[S.132, 153A, 260A, Explanation 5A to section 271(1)(c), 274]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Long term capital gains-Order of Tribunal affirmed.[S. 45, 54F, 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Presumptive basis-Order of Tribunal affirming the revision is affirmed. [S.44DA, 260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Understatement of closing stock-Order of revision based on suspicion-Not valid-Order of Tribunal affirmed.[S.260A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Loans and advances-DDIT Investigation report-Shell companies-No discussion in the assessment order-Effect of insertion of Explanation to section 263 with effect from 1-6-2015-Revision order affirmed-Order of Tribunal set aside.[S. 68, 143(3), 260A, Explanation 2.]

S. 263 : Commissioner-Revision of orders prejudicial to revenue Reassessment-Finding of Tribunal that reasons supplied to assessee were not same reasons recorded and found in assessment record and that order of reassessment was not valid-Finding that since reassessment order itself was not validly passed, revision thereof by Principal Commissioner was invalid-SLP of revenue dismissed. [S. 147, 148 Art. 136]

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record-Affidavit-Copy of second paper book served on respondents-No denial of averment of assessee in petition that second paper book filed-Tribunal rejecting miscellaneous application without considering second paper book-Order of Tribunal quashed, remanded to Tribunal for consideration of second paper book.[S. 254(1), Art. 226]

S. 254(1) : Appellate Tribunal-Duties-Ex-parte order by the Tribunal-Principle of natural justice-Duty to grant assessee adequate opportunity to be heard-Order of Tribunal set aside.[S.260A]

S. 251 : Appeal-Commissioner (Appeals)-Powers-Order remanded to Assessing Officer by Tribunal-Consequential order passed by Assessing Officer-On appeal Commissioner (Appeals) can consider matter on merits and is not bound by order of remand.[S. 254(1) 260A]

S. 246A : Appeal-Commissioner (Appeals)-Appealable orders-National Faceless Appeal Centre Delay in disposal of appeal before Commissioner (Appeals)-Directions issued to expedite adjudication of appeal within stipulated period. [S. 250, Art. 226]