S. 80G : Donation – Once registration was granted refusal of exemption for donation was held to be not justified [ S. 12AA, 80G(5) (vi) ]

S. 73 : Losses in speculation business -Gross total income- Income from other sources- Assessee falling within exception carved out in section.

S. 68:Cash credits — Gift – Credit worthiness of the donor was not established hence addition was held to be justified .

S. 72 : Carry forward and set off of business losses -Loss of Current year and carried forward loss off of earlier year from non-speculative business can be set off against profit of speculative business of current year. [ S. 72(1 ) ]

S. 69C : Unexplained expenditure – Service tax paid through banking challans , addition was held to be not justified .

S. 69C : Unexplained expenditure -CIT(A) applying 40% net profit on account of alleged concealed receipts was set a side to the AO to decide accordance with law .

S.69C: Unexplained expenditure -Bogus purchases- Non service of notice cannot be the basis to confirm the addition as bogus purchases considering other evidences purchases cannot be assessed as alleged bogus purchases .

S.69C: Unexplained expenditure -Bogus purchases- Supplier admitted the supply of goods and genuineness of transaction, therefore purchases cannot be treated as bogus purchases addition of Rs 12.5% of the purchases was deleted. [S. 133(6)]

S. 69B : Amounts of investments not fully disclosed in books of account –Valuation of closing stock for availing of facilities from bank -Quantity of stock remaining same additions cannot be made .

S. 69B: Undisclosed investments- On money -Mere admission of amounts recorded in pen drive as additional unexplained income would not lead to drawing of adverse inference that unexplained investment was made by assessee for purchase of property, particularly when no evidence was produced to justify said payment by assesse [ S. 132(4) ]