S. 80G : Donation-Tata Institute of Social Sciences-Approved university or educational institution as per notification dt. 15th Dec., 1993-Order of CIT(A) restoring the matter back to the AO to grant deduction to the assessee under s. 80G to the extent of 50 per cent of donation is affirmed. [S.80G(2)(a)(iiif), 80G(4)]

S. 69C: Unexplained expenditure-Unrecorded purchases from foreign supplier-No supporting documents-Addition is affirmed.

S. 69A : Unexplained money-Cash deposited in the bank-Charitable society-PAN of chairman-Addition is deleted. [271AAC]

S. 69A : Unexplained money-Search and seizure-Gold found during search-1300 grams-Status of family-Addition is deleted. [S. 132]

S. 69A : Unexplained money-Cash deposits-Cash withdrawn earlier-Addition is deleted.

S. 69A : Unexplained money Search-Excess jewellery-Financial year in which is found to be owner-Addition is deleted-Undisclosed income-Seized document-Addition is deleted. [S. 3, 4, 69, 153A]

S. 68 : Cash credits-Income from undisclosed sources-Cash deposits-The assessee is not the real beneficiary of banking transactions done in its bank account-0.25 per cent of the deposits/credits made in the bank accounts held by the assessee with the society is treated as the income of the assessee. [S. 69, 115BBE]

S. 68 : Cash credits-Long term Capital gains-Report from Investigation Wing-STT paid-primary documents to prove purchase/allotment of shares i.e., share certificate, bank statement highlighting the payment made for purchase of shares, demat statement, etc,-AO is directed to delete the addition and to allow the exemption under s. 10(38) on sale of shares. [S. 10(38), 45]

S. 68 : Cash credits-Capital gains-Penny stock-Report from Investigation Wing-CI Ltd-Shares held for five years-Neither statements are not provided nor an opportunity of cross examination-Addition is deleted-Allowed exemption. [S. 10(38), 45]

S. 68 : Cash credits-Value of property received as gift from father-Accounting entries-Addition cannot be made.