S. 92B : Transfer pricing-No evidence to show any kind of agreement existed between the assessee and its AE towards reimbursement of AMP-Cannot be treated as an international transaction. [S. 92C]

S. 80IC : Special category States-Manufacture of Perfumes and Fragrances-Eligible deduction.

S. 80IB(11A) : Industrial undertaking-Business of processing, preservation and packing of fruits or vegetable eligible-Handling-Storage of grains-Basmati Rice-Entitle to deduction. [S. 80IB(2)]

S. 80IB : Industrial undertakings-Fair market value of goods transferred to eligible units in higher terms-Claim was accepted in subsequent year-Disallowance was deleted. [S. 80IA(8), 80IB(13)]

S. 80IA : Industrial undertakings-Infrastructure development-Profit earned from operating and maintaining of the water treatment system is eligible for deduction-Profit earned from contract work is not eligible for deduction. [S. 80IA(4)]

S. 74 : Carry forward of capital losses-Brought forward from sale of securities-Capital gains were not taxable in India by virtue of India-Mauritius treaty-loss has been rightly carried forward-DTAA-India-Mauritius. [Art. 13]

S. 69A : Unexplained money-Survey-Unexplained cash-Availability of the cash in the books of account-Addition cannot be made. [S. 133A]

S. 69 : Unexplained investments-Survey-Wrongly included in payment-Deletion of addition is held to be justified. [S. 133A]

S. 69 : Unexplained investments-Survey-Income surrendered in the form of additional stock-Section 115BBE is not applicable-Rectification is not valid. [S. 115BBE, 133A, 154]

S. 68 : Cash credits-Creditworthiness and genuineness of transaction proved-Deletion of addition is held to be justified.