S. 36(1)(vii) : Bad debt-TDS payment-Sales promoters-Order of Tribunal allowing the claim as bad debt is affirmed. [S. 260A]

S. 32 : Depreciation-Machinery-Put to use less than 180 days-Additional depreciation-Allowable in subsequent assessment year [S. 32(1)(iia)]

S. 32 : Depreciation-Assets leased-Search and seizure-Depreciation allowed is up held. [S.132]

S. 28(iv) : Business income-Value of any benefit or perquisites-Converted in to money or not-One time settlement with bank-No reply was received from bank in response to notice issued under section 133(6)-Failure to produce books of account-Matter remanded to the Assessing Officer. [S. 41(1), 133 (6)]

S. 28(iiic) : Business income-Duty Customs or Excise repaid-Capital asset-Project was not in operation Reduce cost of project-Cannot be assessed as income. [S. 4, 145]

S. 14A : Disallowance of expenditure-Exempt income-No expenditure was incurred directly or indirectly-No disallowance can be made.

S. 12AA : Procedure for registration-Trust or institution-First application was pending-Second application was filed-Retrospective registration could not be granted based on the first application. [Rule, 17A, Form No. 10A]

S. 10A : Free trade zone-Export turnover-Total turnover-Expenses incurred by in foreign currency was to be excluded from both export turnover and total turnover for computation of deduction.

S. 10(23C) : Educational institution-Exemption cannot be denied on ground that it does not have independent Memorandum of Association, Bye laws, etc. [S. 10 (23)(vi)]

The Direct Tax Vivad Se Vishwas Act, 2020.

S. 4 : Filing of declaration and particulars to be furnished – – Withdrawal application is allowed – Given liberty to restore this appeal in event ultimate decision to be taken on declaration filed by assessee under section 4 was not in favour of assessee . [ S.254 (1)