S. 68 : Cash credits-Share capital and share premium-All share holders are duly cross verified-Deletion of addition is held to be justified.

S. 45 : Capital gains-Shares and securities as investment-Assessable as capital gains and not as business income-Interest free funds available was more than gross investment-No disallowance can be made. [S. 14A, 28(i), R.8D]

S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Agricultural land-Seller insisting cash payment-Affidavit by assessee-Disallowance is held to be not justified.

S. 37(1) : Business expenditure-Software licence expenses-Expenditure for software running system-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Research and Development (R&D) expenses-Not produced documentary evidence-Matter remanded. [S. 35 (2AB)]

S. 36(1)(iii) : Interest on borrowed capital-Working capital-Foreign exchange for working capital-Allowable as deduction.

S. 36(1)(vii) : Bad debt-Amount written off-Matter remanded for verification.

S. 35 : Scientific research expenses-Approval was granted to R & D unit of on 17-6-2009 from 1-4-2007, denial of weighted deduction is held to be justified. [S. 35(2AB)(3)]

S. 35 : Scientific research expenditure-Expenses of units which was entitle for deduction under section 10B-Entitle for deduction. [S. 10B, 35(2AB)]

S. 32 : Depreciation-Firm succeeded by company-Intangible assets-Successor assessee-company was entitled to claim depreciation on actual cost incurred by it with reference to such intangible assets. [S. 35(2(AB), 47(xiii)]