S. 45 : Capital gains-Agricultural Land-sold was too small-No evidence was produced for the agricultural activities carried on-Assessable as capital gains. [S. 2(14)(iii)]

S. 43(3) : Plant-Golf course-Eligible depreciation at 15%. [S. 32]

S. 40A(9) : Expenses or payments not deductible-Amount was paid for welfare of employees of assessee and not as contribution to any fund, trust, etc.-Provision is not applicable-Less than monetary limit-Appeal is not maintainable. [S. 268A]

S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Payments were made by Cheques-Disallowance is held to be not justified.

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Quantum of disallowance-Provision would cover payable but also those sum which are payable at any time during year.

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Channel placement fees-Short deduction of tax at source-No disallowance can be made. [S. 9(1)(vi), 194C, 194J]

S. 37(1) : Business expenditure-Passive infrastructure and automated teller machine sites to telecom and banking industry Professional Charges-Interest on borrowed capital-Not carried on any business during the relevant year-Not allowable as business expenditure. [S. 36(1)(iii)]

S. 37(1) : Business expenditure-Capital or revenue-Abandoned project-Promotion of business of company-Held to be revenue expenditure.

S. 37(1) : Business expenditure-Commission-Details of service was not furnished-Disallowance is held to be justified.