S. 14A : Disallowance of expenditure – Exempt income –Income from other sources- Dividend income on investment made in Oman-No disallowances can be made- DTAA-India- Oman [S.90(2), Art . 25, R.8D ]

S. 271(1)(c) : Penalty – Concealment -Disallowance of claim -Rejection of revised return-Mere making claim which is unsustainable in law will not amount to furnishing inadequate particulars ; what the law contemplates is making of a false claim or claim which is not bona fide – Deletion of penalty is held to be justified. [ S.80IC ]

S. 4 : Charge of income-tax -Power subsidy- Capital or revenue- Purpose test- Power subsidy which is available only to new units and units which have undergone an expansion , purpose being incentive as a capital subsidy has to be regarded as capital receipts .[ S.28(i) ]

S. 254(1) : Appellate Tribunal – Duties- It would always be ideal for the Tribunal to consider the entire issues in an appeal , so that the parties can have a quietus to the matter.

S. 158BB : Block assessment – Undisclosed income – Gift-Statement during search proceedings- Retraction-Books of account-Oral statement -Evidentiary value -Found and evidence found- Divergence opinion among Courts-Referred to larger Bench (CIT v. DPA Harjeev ( 2016) 241 Taxman 199/ 6 ITR -OL 504 ( Delhi) (HC), CIT v. Hotel Meriya ( 2011) 332 ITR 537 ( Ker) (HC) [ S. 68, 131,132(4), 158BA, Evidence Act, 1872 , S.3, 57, 114 ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue -Dissolution of company-Taken over by limited liability partnership-Opportunity of hearing must be granted to successor before passing the order-Matter remanded to the Tribunal .

S. 254(1) : Appellate Tribunal – Duties- Consolidation of appeals on the request of the department without adequate notice to the assessee is quashed [ S.253]

S. 144C : Reference to dispute resolution panel -Draft assessment order- Limitation- Quoting wrong provision in the assessment order in consequential-Alternative remedy – Writ is not maintainable .[S. 92CA, 246(1)(A), Art . 226 ]

S. 139AA: Return of income – Quoting of Aadhaar Number – Permanent Account number— Provision making it compulsory for all assessees to obtain Aadhaar Card and quote Aadhaar number to prescribed authority —Extension of time by Circular issued by CBDT -Directions issued stating that return filed by the assessee should be processed accordingly . [ Art .226 ]

S. 43A : Rate of exchange – Actual cost- Depreciation- Notional fluctuation- Imported assets acquired in foreign currency — Fluctuation in rate of exchange — Adjustment can be made at each date of balance-sheet pending actual payment. [ S.32 ]