S. 271G : Penalty-Documents-International transaction-Transfer pricing-Diamond industry-Practical difficulties in furnishing segment-wise details of AE segment and non-AE segment-Penalty not leviable. [S. 92D(3)]

S. 271(1)(c) : Penalty-Concealment-Mortgaged property-Auctioned by bank-Capital gains not shown-Guarantor-Difference view-Levy of penalty is not valid-Appeal admitted-Penalty cannot be deleted automatically. [S. 2(47) 45, 48, 260A]

S. 268A : Appeal-CBDT Circular-Tax effect from Rs 20 lakhs to Rs 50 lakhs-Enhancing limit-Applies appeals pending before ITAT.

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Book profit-New method of accounting-Forex gain or losses-No enquires made by the AO in the assessment proceedings-Revision is held to be valid. [S. 115JB]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Club entrance fee-Capital receipt-Revision is held to be not valid. [S. 4, 143(3)]

S. 253 : Appellate Tribunal-Managing Director or Director-Appeal signed by General-Not having valid power of Attorney-Appeal was dismissed in limine [S. 140 (c) Rules, 45, 47]

S. 253 : Appellate Tribunal- – Private company — Recovery of tax — Name struck down from ROC under section 248 of Companies Act, 2013 Arrears of income-tax due — Appeal to Tribunal does not become infructuous – Name struck down from ROC under section 248 of Companies Act, 2013-Appeal is maintainable. [S. . 68, 179 ,248, 250, Companies Act , 2013 , S.248 , 250 ]]

S. 246A : Appeal-Commissioner (Appeals)-Appealable orders-Penalty under section 270A-Appealable before CIT(A) and Not before Appellate Tribunal.[S.246A(1)(q), 253 (1)(a),275]

S. 199 : Deduction at source-Credit for tax deducted-Income offered-Payer has deducted tax at source in financial year 2018-19-Credit for tax deducted at source has to be given in the year in which the income was offered for taxation. [S. 4, 198, Rule 37BA]

S. 195 : Deduction at source-Non-resident-Purchase of property without deduction of tax at source-Proviso to section 201(1)-Non-resident disclosed consideration in his return-Not to be treated as assessee in default-Payees filed their return of income disclosing said amount to a tax on 30-7-2012, interest amount levied upon assessee under section 201(1A) should be calculated for the period from 7-10-2011 to 30-7-2012 till the date of filing of return by payees. [S. 201(1), 201(IA)]