S. 37(1) : Business expenditure-Capital or revenue-Expenditure incurred for construction of any structure or extension or improvement of building taken on lease would be treated as capital expenditure-Repair/renovation of leased premises–Held to be allowable as revenue expenditure.

S. 37(1) : Business expenditure–Provision for liability on estimated basis –Held to be allowable as deduction–Change in method of accounting – Matter remanded. [S.145, AS-1]

S. 36(1)(viii) : Eligible business-Special reserve–General reserve-Balance in profit and loss account, which is not in nature of any other reserve having specific objectives, would not form part of ‘general reserves’ for purpose of proviso to S 36(1)(viii) of the Act

S. 36(1)(vii) : Bad debt–Non furnishing of TDS certificate amounts to amount due–Allowable as bad debt-Cannot be disallowed on ground that it was not within time prescribed under S. 155(14) of the Act.[S. 37(1), 155(14)]

S. 36(1)(vii) : Bad debt–Termination of lease agreement–Write off of security deposit–Matter remanded.

S. 12AA : Procedure for registration–Trust or institution-Education-Coaching to IBBI aspirant students for examination preparation-Matter remanded for adjudication. [S. 2(15), 11]

S. 10(4) : Non-resident–Stayed in India for 283 days for taking up employment–Not entitle to exemption. [S.6, 10(14(iii), Foreign Exchange Management Act, 1999, S.2(v)]

S. 271(1)(c) : Penalty–Concealment–Order of Tribunal set aside the appeal to CIT(A) is held to be valid. [S. 254(1)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue–Operation loss in share trading–Verified D-mat accounts, sales, purchases and closing stock–Revision is held to be bad in law. [S.28(i), 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Rectification of mistake–When the claim is justifiably allowed by the AO the rectification order could not be construed to be erroneous and prejudicial to the interest of revenue. [S. 154]