S. 80IB(10) : Housing projects-Eligible deduction on proportionate basis.

S. 80IB(10) : Housing projects-Single approval from local authority for development and construction of residential units more and less than 1500 Sq. Ft. in area-Entitled to deduction. [S. 80IB(10)(c)]

S. 80IB(10) : Housing projects-Proportionate deduction in respect of individual units permissible.

S. 80IB(10) : Housing projects-Proportionate deduction allowable- Each residential block to be considered as a separate unit-Res judicata -not applicable-Principle of consistency must be followed.

S. 80IB(10) : Housing projects-Proportionate deduction-Entitle to proportionate deduction in respect of units fulfilling conditions.

S. 80IB(8A) : Industrial undertaking-Scientific research and development-Prescribed authority under Act alone has power to examine nature of scientific research and determine whether assessee is entitled to deduction and not the Assessing Officer.

S. 80HHC : Export business-Deduction to be computed on ninety per cent. of net income of other income and not gross income.

S. 70 : Set off of loss-One source against income from another source-Same head of income-Tax avoidance-Long term capital gains set off against short term capital loss- Forfeiture of call monies-Set off loss is held to be allowable. [S. 4, 45]

S. 68 : Cash credits -Advances received in cash for supply of materials- Confirmation letter furnished along with PA No- Deletion of addition is held to be justified. [S. 131]

S. 56 : Income from other sources-Shares-Method of valuation-Discounted Free Cash Flow Method -Net Asset Value- Deletion of addition is affirmed. [S. 56(2)(viib), R.11UA(ii)]