S. 45 : Capital gains-Capital loss-Indexation-Business income-Land was held for more than five years without carrying out any development activity-Sale of land is assessable as capital gains and not as business income.[S. 28(i)]

S. 43(6) : Written down value-Block of assets-Depreciation-Stamp valuation-Assessing Officer could not have substituted sale consideration received by stamp duty valuation of property while computing WDV for claiming depreciation on block of assets. [S. 2(11), 32, 50]

S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Sundry Creditors-Balance sheet-Discrepancy in confirmation and balance sheet-Addition is deleted.

S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Sundry creditors-Outstanding for more than three years-Written back as income in the Assessment year 2017-18-Addition is deleted.

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Royalty-Freight charges-Not royalty-Not liable to deduct tax at source-No disallowance can be made-DTAA-India-Korea.[S.9(1)(vi), 195, Art. 12]

S.37(1): Business expenditure-Club membership fees-Allowable as business expenditure.

S.37(1): Business expenditure-Consultancy fee-Future expansion-Allowable as business expenditure.

S.37(1): Business expenditure-Ad hoc disallowance-Supporting documents-Matter remanded back to the Assessing Officer.

S.36(1)(viia) :Bad debt-Provision for bad and doubtful debts-Schedule bank-Claimed as bad debt-Sale of debt-Allowable as business loss. [S.28(i), 36(2), 37(1)]

S. 36(1)(vii) :Bad debt-Amounts written off-Allowable as bad debt.