S. 14A : Disallowance of expenditure-Exempt income-No disallowance can be made when exempt income earned during the year-No addition of disallowance under section 14A is called for while computing income under section 115JB of the Act. [S. 115JB, R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Own interest free funds in the form of share capital and free reserve-Interest disallowance is not justified. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Netting of interest expenditure. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed amount of exempt income. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Share of loss from the firm-No disallowance can be made if no exempt income is earned. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income earned during year-No disallowance can be made. [R. 8D]

S. 12AA : Procedure for registration-Trust or institution-Accumulation of income-Applied more than 85 per cent. of total income towards charitable purposes-Registration granted by commissioner validly in operation-Form filed requesting for carry forward of amount for utilization in subsequent years, request for carry forward of amount for utilization in subsequent years-Entitled to exemption. [S. 11, 12]

S. 12AA : Procedure for registration-Trust or institution-Cancellation merely on ground that cut-off specified in the proviso to section 2(15) has exceeded in a particular year held as not sustainable. [S. (2(15), 12AA(3)]

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-IT support services-Not chargeable to tax-DTAA-India-Swedish. [Art. 12]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Satellite Telecommunication Services-Not to be assessed as royalty-liaison and coordination activities-Cannot be treated as permanent establishment-DTAA-India-UK. [S. 9(1)(i), Art. 13].