S. 194A : Deduction at source-Interest other than interest on securities-Compensation /damage for delayed allotment of plot of land-Not interest not liable to deduct tax at source-Deduction of tax at source by mistake the assessee cannot be treated as assessee is default-Interest cannot be levied. [S. 2(28A), 133A, 201(1)]

S. 154 : Rectification of mistake-Mistake apparent from the record-Delay in deposit of employees’ contribution-Order of rectification is not valid.[S. 36(1)(va). 143(1)]

S. 145 : Method of accounting-Mercantile system of accounting-Payment of interest-Related parties-No modification in loan agreement-Terms cannot be modified by Board Resolution.[S.40A(2), Accounting Standard-9 (AS-9)]

S. 80 : Return for losses-Capital loss-Revised return filed beyond time limit prescribed under section 139(1)-Capital loss claimed beyond time limit under section 139(1) could not be carried forward under section 74. [S.74, 139(1), 139(5)]

S. 69C : Unexplained expenditure-Consultancy fees-Matter remanded to the Assessing Officer. [S. 37(1)]

S. 69A : Unexplained money-Advocate-Cash fee received from client-Produced cash book, bank statement, professional fees etc-Addition is deleted.

S. 69A : Unexplained money-Foreign bank account-Bank details for period 1-4-1995 to 31-3-2012-Information called for by revenue could not have been received for period prior to 1-4-2011-Period of limitation cannot be extended-Order is barred by limitation-DTAA-India-Switzerland [S. 90, 132, 143(3), 153A]

S. 69A : Unexplained money-Investment in acquisition of immoveable property-Additional evidence is filed-Matter remanded to Assessing Officer. [S.254(1)]

S. 69A : Unexplained money-Long term capital gains-Penny stock-Paper company-Accommodation entries-Undisclosed income-Assessable under section 115BBE of the Act. [S.45, 68, 69D, 115BBE]

S. 69A : Unexplained money-Loan from Ahuja group-Accommodation entries-Repaid the loan-Tax is deducted at source on interest-Addition is deleted.[S. 147, 148]