S. 92A : Transfer pricing-Associated enterprises-Advance of loan-None of said two entities had individually advanced loan of more than 51 per cent of book value of total assets of assessee-Entities could not be deemed as AEs of assessee. [S. 92A(2)(c), 92C]

S. 80P : Co-operative societies-Source of investment by co-operative society-Revenue is not required to look to nature of investment whether it is from surplus funds or otherwise. [S. 80P(2)]

S. 80IC : Special category States-Deduction could not be restricted proportionately to split/broken period when undertaking undertook substantial expansion and it was eligible on basis of annual profit.

S. 80IB : Industrial undertakings-Addition made towards suppressed production-Entitle to deduction. [Form 10CCB]

S. 80IA : Industrial undertakings-Infrastructure development-Wind Mill-loss prior to initial assessment year which had already been set off, could not be brought forward and adjusted against profits of eligible business. [S. 80IA(5)]

S. 69C : Unexplained expenditure-Business counselling charges-Payment to bogus companies-Reassessment is held to be justified-Disallowance is held to be justified. [S.143(1), 147, 148]

S. 69C : Unexplained expenditure-Purchase of raw material-purported excess money had been received back-Deletion of addition is held to be valid.

S. 69A : Unexplained money-Search-Jewellery to extent stated in CBDT Instruction No. 1916, dated 11-5-1996 stands explained. [S. 132]

S. 68 : Cash credits-Cash deposit in bank-Reflected in cash book and tallied with sales register-Addition cannot be made as cash credits [S. 145]

S. 68 : Cash credits-Share application money-Share premium-Identity, creditworthiness and genuineness of share applicants were established-Addition is held to be not justified.