S. 115JB : Book profit-Not applicable to banking companies.

S. 92C : Transfer pricing-Arm’s length price-Exclusion of comparable-Functionally assets and risk test-Order of Tribunal is affirmed. [S. 260A]

S. 80P : Co-operative societies-A co-operative society registered under Karnataka Souharda Sahakari Act, 1997 would be construed as co-operative society-Entitle to claim benefit.[S. 2(19)]

S. 80P : Co-operative societies-A co-operative society registered under Karnataka Souharda Sahakari Act, 1997 would be construed as co-operative society-Entitle to claim benefit. [S. 2(19)]

S. 80IB(10) : Housing projects-Interest on fixed deposits-Derived from business-No other source of income-Deduction allowable. [S. 2(13), 56, 80IA]

S. 80IB(10) : Housing projects-Total area exceeded 15000 sq.ft-Not entitle to deedcution. [S. 80IB(10)(c)]

S. 80IB(10) : Housing projects-Amendment brought on 1-4-2020 vide caluses (e) and (f) to section 80IB(10) is prospective in nature-Unaccounted money found in the course of search-Dedcution u/s. 80IB(10) cannot be denied.

S. 80IB(10) : Housing projects-Prportionate deduction-matter reamnded to the Assessing Officer to adjudicate as to when flats in question were allotted and then to decide claim of assessee.

S. 69A : Unexplained money-Alterntive remedy-Writ is not maintainable-Stautorty appeal is the remedy. [S. 246A, Art. 226]

S. 68 : Cash credits-Bank deposits-Addition as cash credits delted-Income estimates at 2% of total deposits.