S.69A: Un explained money- Performance charges in weddings- No evidence whatsoever or any incriminating documents which indicated attendance of marriage functions by assessee in absence of any corroborative material addition could not be made solely on basis of statement obtained from secretary of assessee .

S. 69 :Unexplained investments – Loose papers- Proposal to buy flat- Deal was cancelled – Addition is held to be not justified .

S. 44B : Shipping business – Non-residents – Inland Haulage Charges ( IHC)- Income derived from operation of ship in international traffic- Not taxable in India – DTAA- India -France [ Art.9 ]

S. 36(1)(iv) : Contribution to recognized provident fund – Contribution to provident fund which is constituted under Gujarat Co Operative Societies Act , 1961 is eligible deduction . [ S.2(38) 40A(9) , Gujarat Co-operative Societies Act, 1961 , S.71, 72 ]

S. 35AD: Deduction in respect of expenditure on specified business-Hotel business- Granted certification for categorization of its hotel as three star hotel -Entire capital expenditure is allowable as deduction .

S. 15 : Salaries – Salary paid to manging Director in excess of ceiling prescribed by as per Companies Act is taxable as salary provided the excess amount paid was not recovered by the Company .[ S.5 ]

S. 12AA : Procedure for registration –Trust or institution- Failure to dispose application with in prescribed period of six months – registration would be deemed to have been granted from date of inception of assessee-University. [ S.12A ]

S. 9(1)(vii):Income deemed to accrue or arise in India – Fees for technical services – Training services rendered by assessee to Indian Hotels could not be held to be technical services, nor same could have been characterized as ‘ancillary and subsidiary’ services – DTAA-India- Netherland [ Art .12(5)(a) ]

S. 9(1)(i): Income deemed to accrue or arise in India– Reimbursement of expenses – Failure to substantiate on basis of any clinching evidence – Assessable as business income- India -Nether land . [ Art.7,12 ]

S. 5 : Scope of total income -Retention money- Merely because retention money was accounted for in books of account, same could not be brought to tax without income having been actually accrued- Retention money is taxable in assessment year in which it was actually received . [ S.4, 145 ]