S. 45 : Capital gains-Relative occupying a Flat on licence basis-Flat Sold after demise of occupier-Amounts received by assessee as consideration for not interfering in possession of transfer-Not chargeable to tax as capital gains-No transfer of tenancy rights. [S. 48]

S. 43B : Deductions on actual payment-Contribution towards provision for pension fund-Allowable-Provision for leave encashment-Disallowance confirmed. [S. 43B(f)]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Failure to deduct tax at source-Disallowance is restricted to thirty percent.

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Payment of gateway charges and other bank charges-Matter remanded to the Assessing Office.

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Shipping expenses in nature of freight-Agent acting on behalf of Non-Resident ship owner or Charterer-Not required to deduct tax at source. [S. 172, 194C, 195]

S. 37(1) : Business expenditure-Books of account not rejected-No Ad hoc disallowance can be made.

S. 37(1) : Business expenditure-Capital or revenue-Advertisement, marketing and promotion expenses-Allowable as revenue expenditure. [S. 92CA(3)]

S. 37(1) : Business expenditure-Bank-Broken period interest-Paid for securities at time of acquisition-Allowable as deduction-Appellate Tribunal-Pronouncement of 90 days-Lockdown period to be excluded [ITAT R.34(5)]

S. 37(1) : Business Expenditure-Miscellaneous expenses-Transport Business In North East States-Expenses in cash for repairs of trucks in local repair shops-No disallowance can be made-Puja expenses-Only 10 % of expenses can be disallowed.

S. 36(1)(viii) : Eligible business-Special reserve-No time limit for creation of special Reserve-Eligible for deduction.