S. 69A: Unexplained money-Unaccounted production-Estimation based on variation in electricity consumption-No evidence of unaccounted purchases or sales-Addition deleted.[S. 132]

S. 69A: Unexplained money-Search and seizure-Parallel invoicing-No corroborative evidence connecting seized material with assessee-Addition deleted-Sales-Under-invoicing-Extrapolation of entire turnover unjustified-Addition restricted. [S. 132]

S. 69A: Unexplained money-Cash deposits during demonetisation-Cash balance contrary to Schedule AL-Addition upheld.

S. 56 : Income from other sources-Hoarding charges-Not income from house property. [S. 22]

S. 45 : Capital gains-Fair market value as on 1-4-2001-Collector/Circle rate not examined-Matter remanded.[S.48, 55]

S. 45 : Capital gains-Short-term capital gains-Business income-Sale of immovable property-Assessee held to be owner-Alternative finding of adventure in the nature of trade upheld. [S. 28(i), 45, S. 44AD, R. 46A]

S. 45 : Capital gains-Short-term capital loss-Penny stock-Accommodation entries-No independent enquiry-Loss allowable.[S.2(42B), 131, 133A, 143(3)]

S. 37(1): Business expenditure-Lease equalisation reserve-Accounting Standard-19-Not a contingent liability-Deduction allowable. [S. 145]

S. 37(1) : Business expenditure-Mark-to-market loss on foreign exchange hedging-Allowable deduction.

S. 37(1): Business expenditure-Employees’ Stock Option Plan-Discount on issue of shares-Expenditure allowable.