S. 35 : Expenditure on scientific research-Department of Scientific and Industrial research approved only part of expenditure claimed-Prior to 1-4-2016 there is no requirement of quantification of eligible expenditure incurred on in-house research and development facility has to be approved by prescribed authority-Entitled to 200 Per Cent. of actual expenditure incurred on Scientific Research.[S.35(2AB]

S. 35 : Expenditure on scientific research-Purchase of capital equipment for research facility-Clinical trial expenditure allowed by Tribunal in earlier years which is up held by High Court-Order of CIT(A) deleting the addition is affirmed-Central Board Of Direct Taxes Circular No. 14(Xl-35), Dated 11-4-1955. [S.35(2AB)]

S.14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income-Addition to book profit is deleted. [S.115JB, R.8D]

S.14A : Disallowance of expenditure-Exempt income-No exempt income-Disallowance cannot be made. [R. 8D

S. 14A : Disallowance of expenditure-Exempt income-Suo motu disallowance-Disallowance is restricted to amount of exempt income.[R.8D]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Selling advertising in, and distribution of, television channels in India through Indian company-No transfer of copyright, title or ownership interest to Indian company-Receipts taxable as business income and not royalty-DTAA-India-USA.[S.9(1)(i), Art 12]

S. 2(14)(iii) : Capital asset-Agricultural land-Sale of agricultural land-Land situated beyond 10 Kms. from Municipal limits-And Shown as wet land-Registration of immovable property by land Registrar-Paid land revenue-Cannot be assessed as capital gains. [S. 45]

S. 56 : Income from other sources -Re development -Alternative accommodation of New flat of bigger size allotted from the builder in extinguishment of the old flat as per the redevelopment agreement – Cannot be assessed under section 56(2)(x) of the Act – A the most the said transaction may attract capital gains in which case the assessee should be entitle for deduction of cost of new flat u/s. 54 resulting in no tax liability – Addition is deleted . [ S.45, 54 ]

S. 69: Unexplained Investments – Alleged on money – Purchase of flat – Survey statement – Opportunity of cross examination is not provided – Merely on the basis of statement of the accountant of the builder no addition can be made . [ S.132(4), 133A ]

S. 268A : Appeal – Instructions -Circulars – Monetary limits – Revision –Penalty – Concealment penalty – Monitory limit is also applicable to proceedings under section 263 of the Act – The CIT u/s.263 of the Income- tax Act directed the AO to initiate a penalty for concealment, which was not originally initiated in the assessment order- Tribunal set aside the order of the Commissioner – On appeal as the tax effect involved is below threshold limit of 2 crores-The appeal of the Revenue is dismissed .[ S.260A ,263 , 271(1)( c) ]