S. 10(23C) : Educational institution-Skill training programme– Placement activities-Entitle to exemption. [S. 2(15), 10(23C)(iiiab), 12AA]

S. 250 : Appeal-Commissioner (Appeals)–Additional evidence-Ex parte order- Duty of the CIT(A) to admit additional evidence in the interest of justice-Matter remanded to AO. [S.10AA, 80IC, 144, R. 46A(4)]

S. 143(3) : Assessment—Difference in form 26AS-Matter remanded. [26AS]

S. 9C : Transfer pricing—Functionally Different-Cannot be considered for comparable.

S. 92C : Transfer pricing-TNMM- Once a comparable was found functionally similar and further authentic and reliable financial data were available relevant to accounting period of assessee then merely comparable had different FY, it could not be excluded- TP adjustment made on outstanding receivable beyond 30 days credit period applying interest rate of 14.88% p.a. and computing interest receivable is held to be justified.

S. 92C : Transfer pricing-Arms length price-Items like spares, accessories, batteries are used by assessee in discharge its obligation of warranty or replacement of damaged items in transportation then no transfer pricing adjustment required to be made in respect of Purchase of finished goods and spares.

S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits–Logistic solutions-Airline companies – Identity of payee and genuineness of transaction is not doubted – Disallowance was deleted.

S. 40(a)(ia) : Amounts not deductible-Deduction at source– Commission-Incentive to retailers-Not liable to deduct tax at source. [S. 194H]

S. 40(a)(i) : Amounts not deductible – Deduction at source -Non-resident–Providing services of AMC and installation, commissioning services, for equipment supplied by its group entities to customers in India – Not liable to deduct ta at source- DTAA-India –USA [S.195, Art .12 (4)]

S. 40(a)(i) : Amounts not deductible – Deduction at source -Non-resident–Airfreight-Payments on behalf of its clients as Clearing and Forwarding Agent which were reimbursed-Expenditure was not claimed as deduction- No disallowance can be made. [S.44B, 172]