S. 55 : Capital gains – Capital receipt -Cost of improvement – Cost of acquisition – ‘Know-how under development’ does not created a right – If the know-how is not registered, no rights are conferred – Cost of acquisition of will be not ascertainable-As computation mechanism fails, capital gains will not be chargeable.[ S. 35, 41(3) ,45, 55(2)(a) ]

S. 37(1) : Business expenditure – Disallowance of part of employee benefit expenses is held to be not justified.

S. 37(1) : Business expenditure – Ad hoc disallowance- Promotion expenses- Disallowance on Ad hoc basis is held to be not valid – . Disallowance of part of Salary and wages is held to be not justified .

S. 36(1)(iii) : Interest on borrowed capital – Deletion of interest disallowed in reassessment where disallowance under assessment was made and the majority of the interest free advances were given at the end of the year. [ S.147, 148 ]

S. 36(1)(iii) : Interest on borrowed capital – Sufficient own funds -Interest cannot be disallowed.

S. 14A : Disallowance of expenditure – Exempt income – Disallowance cannot be made in absence of exempt income . [ R.8D ]

S. 11 : Property held for charitable purposes – Object of general public utility – Activity for planned urban development is not hit by proviso to section 2(15)- Entitled to exemption .[ S.2(15) ,12A ]

S. 10(33) : Capital asset –Tax avoidance- Loss on redemption of units – Short term capital loss is allowed to be set off – Denial of exemption on dividend is held to be not valid. [ S.2(14) , 94(7) ]

General Sales tax (GST)
Doctrine of promissory estoppel- New Package Scheme of incentives, 1993 – The eligibility for sales-tax exemption cannot be withdrawn under General Sales tax (GST) [ Art. 39(b) 39(c) ]

S. 252 : Appellate Tribunal – Departmental promotion (DPC) – Assistant registrar – The Dept is expected to follow up the proposals to fill up the posts of Assistant Registrars in such quota as well as for issuing promotions for the posts of Deputy Registrars so that all these pots to the extent possible can be filled up at the earliest .