S. 10(46) : Body or authority-Maharashtra State Board of Technical Education falls under definition of ‘State’ as per Article 12 of Constitution and its income is eligible for exemption. [Art. 12, 289]

S. 10(37) : Capital gains-Agricultural land-Acquired by Government-Enhanced compensation including interest received would be eligible for exemption. [S. 45, Land Acquisition Act, 1894, S.28]

S. 4 : Charge of income-tax–Capital or revenue -Compensation received as a termination of business activity is held to be capital receipt. [S. 28(i)]

Interpretation of taxing statutes – Intention of legislature to be seen – Industrial undertaking- Initial assessment year. [ S.80IC ]

S. 22 : Professional and other misconduct–ICAI has jurisdiction to entertain complaint against chartered Accountant for sexual harassment. [S. 21]

S. 4 : Prohibition of the right to recover property held benami-Fiduciary capacity – Purchase of property in the name of trustworthy employee–Trail Court rejected the suit to recover the property on the ground that suit was barred–Matter restored back to Trial Court decide on merits. [Civil Procedure Code, 1908, Order VII Rule 11(d)]

S. 2(9) : Benami transaction–Person making contribution for purchase of property are not owners of property but property in law is of persons in whose name title with respect thereto has been recorded. [S. 4]

S. 2(9) : Benami transaction- Defining expressions fiduciary capacity and trustee, it is not as if any vested right existing under earlier provisions of section 4(3) is taken away. [S. 4(3)]

S. 271(1)(c) : Penalty–Concealment–Quantum deleted–SLP is pending–Deletion of penalty is held to be valid. [S.11, 12AA]

S. 260A : Appeal-High Court–Delay of 507 days-Part time employee –Ex employee not filed the affidavit–Delay was not condoned.