S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Offshore sales of books/journals or providing access to online journals/online library-Not royalty-Services of providing access to online database/journals did not fall under FIS as services did not satisfy clause make available as required for provisions of article 12 of DTAA-India-USA [S.9(1)(vii), Art. 12]

S. 9(1)(v) : Income deemed to accrue or arise in India-Interest-Interest payment to China Development Bank (CDB)-Financial institution wholly owned by Government of China-Exemption-Not liable to deduct tax at source-DTAA-India-China.[S. 195, Art. 11(3)]

S. 9(1)(ii) : Income deemed to accrue or arise in India-Salaries-Shipping, Inland waterways Transport and Air Transport-Salary-Salary income received by assessee-NRI from his foreign employer for working in international waters is exempt income-DTAA-India-Singapore. [S. 2(25A), 5(2)(b) 6, Art.8]

S. 2(42A) : Short-term capital asset-Capital gains-Unlisted shares-Investment in a residential house-Amended provisions of section 2(42A), which exclude holding period of unlisted shares being held for 12 months to be treated as long-term capital gain is applicable from assessment year 2015-16-Shares held around 31 months-Matter remanded to decide issue afresh as per provisions of law. [S. 45, 54F]

S. 119 : Central Board of Direct Taxes- Circular – Return of income – Condonation of delay – Jurisdictional error – Power vested in CBDT – Order passed by Dy.CIT (OSD) (OT & WT) is without jurisdiction – Quashed and remanded to CBDT. [ S.119(2)(b) , 139, Art. 226 ]

S. 147: Reassessment – Objection disposed along with the assessment order – Order passed without disposing the objection by passing a separate order- Failure to dispose of objections separate order – Reopening notice and reassessment order is quashed and set aside . [S. 80 IA, 142 (1), 143(3),148, Art. 226 ]

S. 272A : Penalty-Failure to answer questions-Sign statements-Furnish information-Substantial compliance-Levy of penalty is not justified. [S. 143(3), 272A(1)(d)]

S. 271(1)(c) : Penalty-Concealment-Mere disallowance of expenditure no penalty can be levied. [S. 274]

S. 271DA: Penalty for failure to comply with provisions of section 269ST-Transactions in cash exceeding prescribed limit-Bifurcating bills to each customer-Technical or venial breach-Penalty is deleted.[S. 269ST]

S. 271D : Penalty-Takes or accepts any loan or deposit-Cash received from purchaser as final payment before Sub-Registrar at the time of registration of sale deed of property-Levy of penalty is not valid. [S. 269SS]