S. 80P : Co-operative societies-Providing credit facilities to members-Interest received from members and non-members-Mutuality-If the nominal/associate members of the assessee society are not members and they are not entitled to share of profits earned by the assessee, then proportionate deduction under s. 80P(2)(a)(i) is to be granted in respect of interest earned by providing credit facilities only to the regular members; issue is remitted to the AO for afresh consideration.[S.57(iii), 80P(2)(a)(i), 80P(2)(d)]

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S. 69A : Unexplained money-Cash deposits-Cash withdrawn earlier-Addition is deleted.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