S. 68 : Cash credits-Share Premium and share capital-Assessee Identity and creditworthiness of subscribers and genuineness of transaction is established-Assessing Officer not making independent enquiry or pointing out discrepancy or insufficiency in evidence furnished-Addition is not justified-Order of CIT(A) is not speaking order. [S.131]

S. 68 : Cash credits-Share application money-Furnished names, addresses, Permanent Account Numbers of shareholders, confirmation letters, and copies of share certificate, money credited through banking channels-Addition is deleted.

S. 68 : Cash credits-Established identity, creditworthiness and genuineness of creditor —Addition is deleted.

S. 68 : Cash credits-Unsecured loans-Proved identity, creditworthiness and genuineness of transaction-Order of CIT(A) deleting the addition is affirmed.

S.68: Cash credits —Deposits in the bank-Cash sales-Addition is deleted.

S. 68 : Cash credits-Share capital-Established source and source of source-Addition is deleted.

S. 68 : Cash credits-Unsecured loans —Commercial transactions-Genuineness is proved-Addition is deleted.

S. 50C : Capital gains-Full value of consideration-Stamp valuation Only where sale consideration is less than value adopted by Stamp Valuation Authorities-Sale consideration is more than stamp valuation-Reference to Valuation Officer is not sustainable-Addition is not justified.[S. 45]

S. 48 : Capital gains-Mode of Computation-Cost of improvement-Payment to sub-contractor-Not given opportunity to cross-examine sub-contractor-Payment is allowable as deduction. [S. 45, 131]

S. 48 : Capital gains-Mode of Computation-Brokerage —Allowed as deduction. [S.45]