S. 23 : Income from house property-Annual value-Estimation of annual letting value-Not based estimate on any reasonable working in determining annual letting value-Addition was deleted. [S. 22, 23(1)(c)]

S. 15 : Salaries-Managing director-Professional fees cannot be assessed as salary. [S. 28(i), 44AB, 194J]

S. 14A : Disallowance of expenditure-Exempt income-No expenditure incurred-Disallowance cannot be made. [R.8D]

S. 12AA : Procedure for registration-Trust or institution-Education-School-Registration cannot be denied merely because assessee was earning certain profit, specifically, when same was utilised towards objects of trust. [S. 2(15), 11]

S. 12A : Registration-Trust or institution-Cancellation of registration-CIT(E) had dropped the proceedings initiated for cancellation of registration-AO has no authority or right to treat the registration is not valid. [S. 11]

S. 11 : Property held for charitable purposes-letting out kalyana mandapa-Commercial activity-Denial of exemption is justified. [S. 2(15) 12A]

S. 11 : Property held for charitable purposes-Objective of generating and propagating innovative ideas on housing,-Construction activity carried on during the year-Denial of exemption is justified. [S. 12AA]

S. 11 : Property held for charitable purposes-Activities of providing swimming pool facilities for aquatic events and training and facilities for other sports and squash, billiards and table tennis etc., were activities of carrying out object of general public utility-Entitle to exemption. [S. 2(15)]

S. 11 : Property held for charitable purposes-Application of income-Trust is allowed to carry forward deficits of earlier years and set it off against surplus of subsequent years-Accumulation of income-Amendment is applicable from 1-4-2022 and will, accordingly, apply in relation to assessment year 2022-23 and subsequent assessment years. [S. 10(23C)]

S. 10 (23C) : Educational institution-Deficiency in completeness of information sought-Matter remanded. [S. 10(23C)(vi)]