S. 4 : Charge of income-tax-Income or capital-Sale of Carbon Credits-No cost of acquisition-Capital receipt-Subsidy-Technology upgradation fund-Compensation on non-performance of the energy generation-Capital receipt. [S. 28(i), 80IA]

S. 56 : Income from other sources –Stamp value – Market value of flat on agreement date is to be considered and not the value of registration of sale agreement -Addition is deleted . [ S. 45 , 56(2)(vii)(b) ]

S. 154 : Rectification of mistake -Inadvertent mistake by assessee- The AO has to rectify the said mistake [ S. 143(1)]

S. 32 : Depreciation – Block of asset – Asset not put to use in the current year or subsequent year – Depreciation cannot be disallowed [ S. 2(11) , 32(2) ]

Direct Tax Vivad Se Vishwas Act , 2020

S.7: No refund of amount paid – Refund – Interest @ 5 % to be paid along with refund for delay beyond 90 days [S.3, 4, Art , 226 ]

S. 276CC : Offences and prosecutions – Failure to furnish return of income – Trail Court in 81 cases took cognizance of tax evasion due to failure to file return – High Court quashed the Trail Court order and directed to pass a speaking order . [ S. 153A, 279, Code of Criminal Procedure S 397, 482 ]

S. 244A : Refunds – Interest on refunds -Reduction in taxable income – Eligible on the sum refundable due to recomputation [ S. 220(2) 234D, 244A(1)(b) ]

S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice – Professional income not shown – Assessment u/s 143(1) -Reassessment notice is valid – DTAA- India -USA . [ Art , 15 , Art.226 ]

S.68 : Cash credits – Capital gains – Penny stock –Shell company – Investment in shares were held for more than 10 years – Addition cannot be made as cash credits . [ S. 10(38) ,45 ]

S. 13 : Denial of exemption-Trust or institution-Investment restrictions –Rent charged to trustee less than market rate – Violation of section 13 exemption cannot be denied- Only the income to the extent of violation is liable to tax at maximum marginal rate .[ S. 11, 12 ,12A, 13(1)(c)(ii)]