S. 32 : Depreciation-Lease of assets-Financial transactions-Failure to provide lease agreements-Matter remanded [S. 143(3), 254(1)].

S. 32 : Depreciation-Stock in trade-Fall in value of securities-Depreciation allowable.

S. 32 : Depreciation-Windmill-Generation of electricity-Entitle to additional depreciation [S. 32(1)(iia)].

S. 32 : Depreciation-Business of hire purchase and leasing-Motor vehicles-Entitle to depreciation at 40 percent.

S. 28(i) : Business income-Letting out of properties along with other amenities-Rental income assessable as business income and not as income from house property [S. 22].

S. 14A : Disallowance of expenditure-Exempt income-No exempt income earned during relevant year-No disallowance can be made [R. 8D].

S. 14A : Disallowance of expenditure-Exempt income-Only those shares which had yielded dividend income in year under consideration to be considered [R. 8D].

S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made [R.8D].

S. 12AA : Procedure for registration-Trust or institution-Money laundering-Not doubted the charitable activities-Cancellation of registration is not valid [S. 12A].

S. 12AA : Procedure for registration-Trust or institution-Deemed registration-Non-disposal of application under section 12AA within stipulated period of six months as provided in section 12AA(2) would not result in deemed grant of registration. [S. 12A, 12AA(2)]