S.37(1): Business expenditure-Investments in subsidiaries-Expenditure is allowable as business expenditure-Excess remuneration to directors-Matter remanded. [S. 2(13)]

S.37(1): Business expenditure-Interest on loan taken from State Government-Allowable as deduction.

S.37(1): Business expenditure-Provision for claim payout on basis of actuarial report furnished by an independent actuary-Allowable as deduction. [S. 145]

S.37(1): Business expenditure-Managing director Managerial remuneration-Allowable as deduction-Remuneration-Not excessive or unreasonable-No disallowance can be made.[S. 40A(2)(b)]

S. 28(i) : Business income-Joint development agreement-Transfer of capital asset into stock-in-trade-Capital gains-Double taxation-Taxable in the year 2012-13.[S. 45(2)]

S. 23 : Income from house property-Annual value-let out residential properties to companies for commercial use-Entitled to claim deduction of mixed land use charges paid to MCD against rental income received from tenants. [S. 22]

S. 23 : Income from house property-Annual value-Office premises-ALV to be determined on municipal rentable value-Matter remanded [S. 22]

S. 23 : Income from house property-Annual value-Property let in earlier period-Vacant for whole year-Annual value to be taken as Nil.[S. 22, 23(1)(a), 23(1)(c)]

S.14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R. 8D]

S. 12AB: Procedure for fresh registration-Pendency of registration under Rajasthan Public Trust Act, 1959-Matter is restored back to Commissioner (E) with direction that as and when assessee-trust produced copy of its registration under RPT Act, application of assessee-trust for registration under section 12AA be decided afresh in accordance with law.[S.. 12AA, Rajasthan Public Trust Act, 1959]