S. 32: Depreciation-Goodwill arising on slump sale-The matter was restored to the Assessing Officer to obtain valuation from the DVO, determine the value of land and building, attribute the balance consideration to goodwill and allow depreciation thereon. [S. 2(42C), 32(1)(ii), 50B, 56(2)(vii)(b)]

S. 12AB: Procedure for fresh registration-Alleged violation of section 13(1)(c) not relevant at registration stage-CIT(E) was directed to grant the exemption. [S. 11, 13(1)(c)]

S. 12AA: Procedure for registration-Trust or institution-Charitable Trust-Amendments to the trust deed-Delay in filing return-Cancellation of registration unjustified.[S. 12AA(4), 13, 139]

S. 12AA: Procedure for registration-Trust or institution-Cancellation of registration-Registration cannot be cancelled on issues already decided by the Tribunal.[S.11, 12AB(4), 13]

S. 12A: Registration-Trust or institution-Rental income from trust property-Proviso to S. 2(15) not attracted-The order of the CIT(E) was set aside with a direction to grant registration under section 12A and restore the provisional registration. [S.2(15) 12AB]

S. 12: Voluntary contributions-Trust or institution-Corpus Donations-Voluntary corpus donations cannot be denied merely because the trust requested donors to contribute towards the corpus. [S. 11, 132]

S. 11: Property held for charitable purposes-Donation to another charitable trust having common trustees-Exemption cannot be denied-Matter remanded. [S. 13(1)(c), 13(3)]

S. 11: Property held for charitable purposes-Accumulation of income-Benefit of accumulation cannot be denied where 85% of income is applied-Form No 9A-Justified in refusing accumulation as the specified purpose of accumulation was not specified. [S. 11(1)(a), 11(2)]

S. 10 (23C): Educational institution-Exemption-Return-Wrong ITR Form cannot defeat exemption [S. 139, 10(23C)(iiiad)]

S. 9(1)(vi): Income deemed to accrue or arise in India-Royalty-Managerial and administrative support services are not royalty where no know-how or intellectual property is transferred-DTAA-India-India Singapore.[Art. 7, 12]