S.56: Income from other sources- Capital gains-Acquisition of Land – Interest on enhance compensation — Assessable as income from other sources- Language of section plain and unambiguous — External aids cannot be adopted to interpret provision . [ 10(38), 45 56(2)(viii), 145A,, 264, Land Acquisition Act , 1894 , 28 Art .226 ]

S. 54 : Capital gains – Profit on sale of property used for residence –
Construction of new residential house need not begin after sale of original house- Booking the flat under construction is considered as construction of house – Deletion of addition made for alleged receipt of maintenance charges was held to be justified . [ S. 4, 45 ]

S. 45 : Capital gains – Income from other sources- Transfer of rights in property – Assessable as capital gains and not as income from other sources [ S. 54EC ,56 ]

S. 41(1) : Profits chargeable to tax – Remission or cessation of trading liability – Commission claimed as expenditure – Write off of loan- cannot be treated as revenue receipts .

S. 40(a)(ii) : Amounts not deductible – Any rate or tax levied – Education cess is held to be deductible . [ S. 246A , 254(1) Indian Income-tax Act, 1922, S 10(4) ]

S.37(1): Business expenditure — Advertisement expenses – Failure to prove the genuineness of expenses – Disallowance is held to be justified

S.37(1) : Business expenditure — Termination of lease and licence – Deletion of expenditure is held to be justified .

S.37(1) : Business expenditure — Capital or revenue- Preliminary expenditure incurred for submission of tender in another Port —Allowable as revenue expenditure .

S.37(1) : Business expenditure — Capital or revenue – Replacement of damaged parts of existing machinery — Revenue expenditure .

S.37(1) : Business expenditure — Capital or revenue Computer software expenses — Legal expenses incurred in connection with sale of capital assets – Held to be revenue expenditure .