S. 92CA : Reference to transfer pricing officer-Transfer Pricing-Jurisdiction of Transfer Pricing Officer-In specified domestic transactions Transfer Pricing Officer has no jurisdiction unless specific reference is made to him by Assessing Officer-High Court can consider issue of jurisdiction though alternative remedy is available. [Art. 226]
S. 80IA : Industrial undertakings–Infrastructure development-Contractor or transferee approved by concerned authority- Entitled to deduction.
S.68: Cash credits-Firm-Partner-First year of business-Credible materials produced by partners–Addition cannot be made in the assessment of firm.
S. 54 : Capital gains-Profit on sale of property used for residence–invested in multiple properties in different locations and in prescribed securities within stipulated time-Entitle to exemption- Amendment with effect from 1-4-2015 restricting exemption to “One Residential House in India” is not retrospective. [S. 45]
S. 49 : Capital gains – Previous owner-Cost of acquisition–Shares received as gift- Indexed cost- Date of acquisition by previous Owner to be considered. [S. 45,49 (1)]
S. 48 : Capital gains–Computation–Guarantee to loan-Mortgage- No diversion of income by overriding title-No part of cost of clearing guarantee could be deducted in computing capital gains .[ S. 45]
S. 45 : Capital gains–Business income-Sale of shares–Average holding period of 628 days-Assessable as capital gains. [S. 28(i)]
S. 43B : Certain deductions on actual payment -Excise duty — Unutilised Modvat Credit as at end of year on inputs purchased, constitutes actual payment and deductible.
S. 4 : Charge of income-tax –Capital or revenue – Capital subsidy In terms of shareholders’ agreement from foreign company for investment in share capital of joint venture company — Capital receipt not liable to tax as revenue receipt. [S. 28(i)]
S. 260A : Appeal-High Court – Issue not raised and adjudicated by lower authorities – Cannot be permitted to be raised for first time in appeal to High Court .[ S.195A, 201(1) 201(1A) ]