S. 40(a)(ia) : Amounts not deductible-Deduction at source-Where recipient has declared payment in return and paid tax thereon-Proviso has retrospective effect-No disallowance can be made. [S. 201 (1)]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Recipient has declared the payment in return and paid tax thereon-No disallowance can be made-Matter remanded.

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Educational cess-Allowable as deduction.

S. 37(1) : Business expenditure-Bogus purchases-Failure to fie quantitative details-Matter remanded to Assessing Officer to give an opportunity of cross examination and to file quantity details.

S. 37(1) : Business expenditure-Management support services-Valuation of stock-cost or net realisable value-Sales promotion expenses-Allowable as deduction. [S. 145]

S. 28(i) : Business loss-Sales return-Allowable as business loss-Failure to challenge the revision order is not a bar for filing an appeal against the order passed pursuant of revision. [S. 250, 263, 254(1)]

S. 14A : Disallowance of expenditure-Exempt income-Investment made from own funds-Interest cannot be disallowed-Matter remanded-Disallowance cannot exceed exempt income. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income-Investment from own funds-No disallowance can be made. [R. 8D]

S. 11 : Property held for charitable purposes-Development of minor ports in its State-Entitled to exemption. [S. 2(15)]

S. 10B : Export oriented undertakings-Interest income-Matter remanded. [S. 10B(4)]