S. 14A : Disallowance of expenditure – Exempt income – Amendment is not retrospective- Not applicable to Assessment year prior to AY 2007-08 [ S. 10(33),254(1) ]
S. 14A : Disallowance of expenditure – Exempt income – Amendment is not retrospective- Not applicable to Assessment year prior to AY 2007-08 [ S. 10(33),254(1) ]
S. 10AA : Special Economic Zones – Expenses incurred in foreign exchange for providing technical services not includible — Profits and gains derived from onsite development of computer services outside India deemed to be derived from export of computer software outside India [ 10B ]
S. 10A : Free trade zone – Interest on bank deposits includible while computing profits [ S.10B ]
S. 10 (23C): Educational institution-Burden of proof on revenue to show income of trust was not spent for educational purposes — Matter remanded [ S .10(23C(vi) , 254(1)]
S. 5 : Scope of total income – Accrual of income — Cash compensatory assistance and duty drawback —Not sanctioned to assessee during relevant year by customs authorities — Income did not accrue- Not taxable. [ S.145 ]
S. 271C : Penalty – Failure to deduct at source -Leave travel allowance – Reasonable cause -Penalty not warranted[ S. 10 (5) , 133A ,273B ]
S. 271(1)(c) : Penalty – Concealment – Not representing before CIT (A) – Matter remanded to CIT (A) [S. 250 ,254 (1) ]
S. 271(1)(c) : Penalty – Concealment – Notice not specifying charge -Natural justice — Show-cause notice void ab initio- Levy of penalty is not valid [ S.274 ]
S. 271(1)(c) : Penalty – Concealment -Not specifying the charge- Notice vague — Levy of penalty not sustainable.[ S.274 ]
S. 271(1)(c) : Penalty – Concealment – Failure to furnish details of persons from whom donations received — Not a case of concealment of income or furnishing inaccurate particulars of income — Penalty not leviable . [ S. 11, 132 ]