S.80IA: Industrial undertaking – Infrastructure facility – – Container freight station ( CFS) is eligible deduction as an infrastructure facility – Strictures passed against Dept’s Advocate for “most unreasonable attitude” of seeking to reargue settled concluded issues and not following the judicial discipline and law of precedents .

S. 80HHC : Export business – Amendment with retrospective effect imposing conditions for exporters having turnover above Rs. 10 Crores , was held to be prospective in nature [ S. 28(i)]

S.80HHC: Export — Generation of profit in export business is irrelevant –Formula to be applied – Income from high sea sales to be included – Loss incurred in export business is eligible deduction [ S.80HHC (3) (c ) ]

S. 80HHC : Export business – Ninety per cent. of only net interest is to be Included in profits of business As Computed under head “Profits and gains of business.

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 .