S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Corporate guarantee-Standby Letter of credit-Acquisition not taking place and entities not becoming Associated Enterprises-No requirement of benchmarking needed-Transfer Pricing adjustment is deleted-Interest on outstanding receivables from Associated Enterprises-Benchmarked separately-If bills realised beyond granted credit period interest to be imputed on bills . [ S.92B, 234D,244A ]

S. 92C: Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Corporate guarantee-Transaction to be benchmarked adopting 0.5 Per Cent. [ S.92B]

S. 69A : Unexplained money-Cash deposited in the bank account-Merely on the basis of statement of purchaser addition is not valid-Reassessment is valid. [S. 148, 151]

S. 69A : Unexplained money-Surrender in the course of survey-Business income-Income cannot be taxed at special rate. [S. 115BBE]

S. 69A: Unexplained money-Amount withdrawn-No evidence to justify deposit-Addition is justified.

S. 68 : Cash credits-Unexplained expenditure-Unsecured loans-Banking channel , account confirmation , Permanent Account Numbers , Bank statements and income-tax returns furnished-Addition is not justified-Interest expenses cannot be disallowed . [ S.69C ]

S. 68: Cash credits-Long-term capital gains-Penny stock-Information from investigation wing-Sale of shares through stock exchange and consideration received through stock broker in banking channels-Copies of physical share certificates produced-Sale consideration cannot be considered as unexplained cash credit-Entitle to exemption. [ S.10(38), 45 ]

S. 68 : Cash credits-Unexplained money-Demonetisation period-Members-Addition is not justified. [S. 69A, 115BBE]

S. 68: Cash credits-Unsecured loan-Genuineness of cash credits proved-Addition is deleted-Re assessment is affirmed.[S.143(1), 147, 148]

S. 68 : Cash credits-Partner-Firm declaring income under Income Declaration Scheme but not paying taxes thereon-Income belonging to firm whether disclosed or undisclosed to be taxed only in hands of firm and not in hands of partner-Share of income from firm not taxable in Assessee’s hands. [S.10(2A)-Income-Circular No. 8 of 2014, Dated 31-3-2014 [2014] 362 ITR(St) 33