S. 69 :Unexplained investments-Bogus purchases-Accommodation entries-Disallowance is restricted at rate of 6 per cent of bogus purchases-Sale of shares-Explained the source of purchase-Order of CIT(A deleting the addition is affirmed-Reassessment is affirmed.[S. 147, 148]

S. 68 : Cash credits-Penny stock-Long term capital gains-Accommodation entries-DMAT-Sale of shares of PS Infrastructure and Services Limited-Addition is deleted-Exemption is allowed.[S. 10(38), 45]

S. 68 : Cash credits-Bogus donations-Cash deposited in banks-Addition is justified. [S. 35AC, 35AC(ii)]

S. 68 : Cash credits-Long term capital gains-Accommodation entries-Penny stock-Purchase of shares of LDPL and MARL in off-market transactions-Inordinate delay in dematerialization of those shares-Transaction is not genuine-Addition is justified. [S.10(38). 45]

S. 68 : Cash credits-long-term capital gain-Sale of shares-Penny stock-Accommodation entries-Information from investigation Wing-Purchase in physical form-Decartelized-Purchase was made through Banking channels-Deletion of addition by CIT(A) is affirmed. [S. 10(38), 45]

S. 68: Cash credits-Cash deposited in the Bank-Demonetization period-Merely because assessee had deposited said sourced income in form of SBNs during demonetization, same could not be considered as unexplained cash credits.

S. 56 : Income from other sources-Valuation of shares-Valuation of shares of subsidiary company to determine FMV of holding company-DCF Method-Addition is deleted.[S.56(2)(viib), R.11UA(1)(c)(b)]

S. 56 : Income from other sources-Purchase of flat-Immovable property-Date of allotment-Value as on date of allotment had to be treated as stamp duty value for purpose of provision of section 56(2)(x)-At that time payment made was more than stamp duty value, no addition could be made.[S. 56(2)(x)]

S. 56 : Income from other sources-Agricultural income-Increasing the expenditure on estimate basis-Addition is deleted.[S.10(1)]

S. 54G : Capital gains-Shifting of industrial undertaking from urban area-Firm-Partner-Partner in partnership firm-New investment in partnership firm-Eligible for exemption. [S. 45, Wealth-tax Act, 1957, S. 5(1)(iv)]