S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Certificate in the month of April/May 1995-started telecommunication services after 1-4-1995 and would be eligible for deduction-Interest and miscellaneous income-Allowable deduction. [S. 80IA(4)(ii), 80IA(2A)]

S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Agreement with State Government /Statutory bodies-Developing new infrastructure facilities. i. e. irrigation projects-Entitle to deduction-Interest on mandatory fixed deposit as security against bank guarantee-Eligible for deduction. [S. 80IA(4)(i)]

S. 80G : Donation-Religious purpose-Registered under section 12AA-Directed to grant approval under section 80G(5) of the Act. [S. 12AA, 8OG(5) (vi))]

S. 69A : Unexplained money-Undisclosed professional receipts-40% of expenses are allowed on estimate basis-Interest income from bank addition is justified. [S. 28(i), 37(1)]

S. 69 : Unexplained investments-Income from undisclosed sources-Assessment-Bogus purchases-Order of CIT(A) restricting disallowance of purchases to 5 per cent of alleged bogus purchases is affirmed. [S. 143(3)]

S. 68 : Cash credits-Sale of ancestral gold and savings-Addition is deleted-Reassessment notice is not justified. [S. 147, 148]

S. 68 : Cash credits-Search and survey-Demonetization-Cash deposits-Negligible stock-in-trade-Annonymous buyers-Addition is affirmed. [S. 131, 292C, Indian Evidence Act, 1872, S. 26, 31, 34, 92]

S. 68 : Cash credits-Creditworthiness and genuineness of transaction is established-Addition is deleted.

S. 68 : Cash credits-All parties appeared in response to summons and submitted income tax return and bank statements-Order of CIT(A) deleting the addition is affirmed.

S. 68 : Cash credits-Explanation of source of deposit is accepted partially and remaining addition is affirmed.