S. 144C : Reference to dispute resolution panel-Additional ground admitted-Passing of draft assessment order is mandatory-Specific waiver application filed before the DRP-No estoppel against the law-Order is bad in law. [S.92CA(4) 254(1)]

S. 144 : Best judgment assessment-Books are rejected-Order has to be passed under section 144-Order passed under section 153A is not valid-Addition is deleted.[S.132, 145(3), 153A]

S. 143(3): Assessment-Digital signature was affixed after limitation period-Order is bad in law-Barred by limitation. [S. 153]

S. 68 : Cash credits-Survey-Loose sheets-On money-Merely on the basis if rough notings made on loose sheets addition cannot be made.[S.132(4A), 133A,292C]

S. 80G : Donation-Existing Trust-Time limit for provisionally registered Trust for seeking regular registration-Harmonious interpretation-The time limit for applying for regular registration for existing trust is six months of the expiry of provisional registration. [S.12AA, 80G(5), Form 10AB]

S. 68 : Cash credits-Sale of shares-Shreenath Commercial and Finance Ltd-Penny stock-Capital gain-Denial of exemption is not justified..[S. 10(38), 45]

S. 68 : Cash credits-Sale of shares-Comfort Fine cap Ltd-Penny stock-All documents produced-Capital gain is exempt from tax.[S. 10(38)), 45]

S. 68 : Cash credits-Accommodation entries-Information from Investigation Wing-Bhanwarlal Jain-Rajendra Jain-Gautam Jain group-No evidence that amount was credited-Addition is deleted.

S. 57 : Income from other sources-Deductions-Interest expenditure is more than interest income-Allowable as deduction. [S. 56, 57(iii)]

S. 56 : Income from other sources-Transfer-Conversion of tenancy right to ownership rights-Not taxable-No immoveable property is received-No addition can be made either in the hands of the assessee or the land lord. [S. 2(47), 56(2)(x)(b)]