S. 80-IA : Industrial undertakings-Enterprises engaged in infrastructure development-Generation of steam-Steam constitutes power-Captive consumption-Arm’s length price cannot be taken at Nil-Transfer pricing adjustment deleted. [S. 92BA]

S. 80G: Donation-Corporate Social Responsibility-Donation to approved institutions-Deduction cannot be denied merely because expenditure forms part of CSR activities. [S. 37, Companies Act, 2013, S. 135]

S. 56: Income from other sources-Purchase of shares-Value adopted by assessee higher than fair market value-Provision not attracted. [S. 56(2)(viib), [S.92C, R. 11UA]

S. 50C: Capital gains-Full value of consideration-Stamp valuation Land affected by statutory restrictions due to gas pipeline-Reduction in stamp duty value justified. [S. 45, Petroleum and Minerals Pipelines Act, 1962, S.9]

S. 44BBA : Aircraft-Non-residents-Computation-Operation of aircraft-Presumptive taxation-Service tax collected on behalf of Government-Not includible in gross receipts.

S. 40A(3) : Business expenditure-Cash payments exceeding prescribed limit-Purchase of copra through agents-Payments made through banking channels-Disallowance deleted.

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess-Forms part of tax-Deduction not allowable.

S. 40(a)(ii) : Amounts not deductible-Rates or tax-State taxes paid overseas-Not eligible for relief under sections 90 or 91-Deduction allowable.[S.37(1), 90, 91]

S. 40(a)(ia) : Amounts not deductible-Tax deduction at source-Labour charges-Payments made through head labourer-Labourers directly employed by assessee-No contract-Disallowance deleted. [S. 194C]

S. 40(a)(ia): Amounts not deductible-Deduction at source-Year-end provisions-Vendors not identifiable-Liability to deduct tax arises only on identification of payee-Disallowance deleted.[S.37(1), 145]