S. 23 : Income from house property-Annual value-Builder-Unsold flats-Stock in trade-No addition can be made on account of deemed rental income could be made in respect of unsold stock of flats held as stock in trade upto assessment year 2017-18. [S. 22, 23(5)]

S. 14A : Disallowance of expenditure-Exempt income-Interest-Own capital and free reserves-More than investments-No disallowance is to be made. [R. 8D]

S. 12AA : Procedure for registration-Trust or institution-Education-Providing education and training in field of remote sensing for preservation of environment through optimization of land use and natural resources-Specialized post-graduate degree-Constituted education for charitable purpose-Entitled registration. [S. 2(15)]

S. 11 : Property held for charitable purposes-Application for registration for pending before CIT(E)-Pendency of appeal before CIT(A)-Justified in rejecting exemption. [S. 12A(2), 12AA]

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Royalty-Reimbursement of expenses-Costs recovered by assessee a non-resident for third party software which was integrated into assessee’s information technology infrastructure used for rendering services to an Indian company, would be taxable as fees for technical services/Royalty-DTAA-India-Switzerland. [S. 9(1)(vi), Art. 12]

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Offshore maintenance and support services to Power Grid Corporation of India Ltd. (PGCIL)-Not assessable as fees for technical services-DTAA-India-USA. [Art. 12(4)]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Merely provided alloys, lease rentals received for such leasing out of alloys could not be treated as royalty-DTAA-India-USA. [Art. 12]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Right to use of copy right in a program-Information products and services-Not royalty-DTAA-India-USA. [Art. 12]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Consideration for resale / use of computer software-Payment is not payment of royalty-Not taxable in India-Not liable to deduct tax at source-DTAA-India-USA. [S. 195, 201(1), 201(IA), Art. 12]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty Business of transmitting telecommunication signals to/from its customers-Income earned was not in nature of royalties-Not liable to tax in India-DTAA-India-USA. [Art. 12(3)]