S. 92C : Transfer pricing-Arm’s length price-Net margin method-Free on board value of contract cannot be included in operating cost- No question of law. [S. 92D, R.10B(1)(e)]

S. 92 : Transfer pricing-Arm’s length price-Arm’s Length Price to be restricted to transaction of assessee with associated enterprise.[S. 92C]

S. 80IB(10) : Housing projects-Project was completed before March 31, 2009-Two building project was handed over to land lord for further development-Allowing the claim is exemption is held to be justified.

S. 80IA : Industrial undertakings–Telecommunication services- Income from sharing fibre cables and cell-sites was income by way of leasing-Late fees and reimbursement of cheque dishonour charges received from parties-Eligible for deduction. [S. 80IA(2A)]

S. 68 : Cash credits–Peak addition-Hawala transaction-Money laundering can also be for oneself-Information from Enforcement Directorate—Refusing to own up accounts- Burden is not discharged–Addition is held to be justified. [S. 69, 69A]

S. 68 : Cash credits—Share application money—Received by cheques- Details furnished–Burden is discharged-Failure by department to investigate identity of shareholders and genuineness of transactions—Addition is held to be not justified.

S. 45 : Capital gains–Business income-Sale of land assessable as capital gains. [S. 4, 28(i)]

S. 45 : Capital gains–Business income-Profit on sale of investment is assessable as capital gains. [S. 10(38), 28(i)]

S. 45 : Capital loss-Loss on sale of shade tree–Capital loss allowed to be carried forward.

S. 40(a)(ia) : Amounts not deductible-Deduction at source- Rejection of Books of account-Estimation of profit @ 8% of turnover—No disallowance can be made u/s. 40 of the Act. [S. 145(3)]