S. 90 : Double taxation relief-Foreign tax credit-Mere delay in filing Form No. 67 as per provisions of rule 128(9), under will not preclude assessee from claiming benefit of foreign tax credit in respect of tax paid outside India.[S.90A, R. 128(9), Form No.67]
S. 80G : Donation-Additional evidence-Rectification application is pending-Matter is remanded back to Assessing Officer to examine assessee’s claim with reference to supporting evidence filed by it. [S. 154]
S. 74 : Losses-Capital gains-Revised return at a higher amount-Acknowledgement of filing return to CPC with condonation of delay-Allowed to be carry forward to next year. [S. 139(1), 139(3), 139(5)]
S. 69B : Amounts of investments not fully disclosed in books of account-Undisclosed investment-Failure to furnish statement and opportunity of cross examination-Addition is deleted. [S. 132(4)]
S. 69A : Unexplained money-Search-Protective assessment-Unaccounted gold-Statement of supplier-Supplier confirmed-Addition is deleted. [S. 132, 153C]
S. 69 : Unexplained investments-Plant and machinery-Purchase bills furnished-Deletion of addition is affirmed- Power generation-Matter remanded.[S.80IA]
S. 68 : Cash credits-Corpus donation-Kolkata based companies-Donor companies were struck off by order of Registrar of Company-Addition is held to be justified.[S. 11, 115BBC, 115BBE]
S. 68 : Cash credits-Construction of flats-Amount received from members-Confirmation letter is filed-Source of the source not required to be proved-Addition is deleted. [S. 131]
S. 68 : Cash credits-Purchase of material-Payments were made in subsequent years-Deletion of addition is affirmed. [S. 133(6)]
S. 68 : Cash credits-Share application money-Share premium-Share holders had sufficient fund-Addition is deleted.