S. 80IB : Industrial undertakings-Fair market value of goods transferred to eligible units in higher terms-Claim was accepted in subsequent year-Disallowance was deleted. [S. 80IA(8), 80IB(13)]

S. 80IA : Industrial undertakings-Infrastructure development-Profit earned from operating and maintaining of the water treatment system is eligible for deduction-Profit earned from contract work is not eligible for deduction. [S. 80IA(4)]

S. 74 : Carry forward of capital losses-Brought forward from sale of securities-Capital gains were not taxable in India by virtue of India-Mauritius treaty-loss has been rightly carried forward-DTAA-India-Mauritius. [Art. 13]

S. 69A : Unexplained money-Survey-Unexplained cash-Availability of the cash in the books of account-Addition cannot be made. [S. 133A]

S. 69 : Unexplained investments-Survey-Wrongly included in payment-Deletion of addition is held to be justified. [S. 133A]

S. 69 : Unexplained investments-Survey-Income surrendered in the form of additional stock-Section 115BBE is not applicable-Rectification is not valid. [S. 115BBE, 133A, 154]

S. 68 : Cash credits-Creditworthiness and genuineness of transaction proved-Deletion of addition is held to be justified.

S. 68 : Cash credits-Long term capital gains-Accommodation entries-Transactions were proven bogus by revenue-Addition as cash credits justified. [S. 45, 10(38)]

S. 68 : Cash credits-Compensation-Land acquisition-Land held as stock in trade-Not undisclosed income. [S. 143(3)]

S. 57 : Income from other sources-Deductions-Deduction of payment of interest made to earn interest income-Allowable as deduction. [S. 56, 57(iii)]