S .14A : Disallowance of expenditure – Exempt income – Not earned any exempt income during the relevant year – No disallowance can be made [ R.8D ]

S. 12AA : Procedure for registration –Trust or institution- Entitle to registration [ S.12A]

S. 10A : Free trade zone – Deemed export made to another STP unit – Denial of deduction is not justified – Entitle deduction [ S.10B ]

S. 10 (23C): Educational institution-Eligible to exemption though no claim was made in the return- Educational purposes [ S. 10 (22), 10(23C)(iiiab) ]

S. 4 : Charge of income-tax – Advance received – Chargeable to tax -Failure to produce evidence – Matter remanded [ S. 2(24), 56(2)(ix), 131, 145 ]

S. 17(2) : Perquisite – Salary – Right of redemption in respect of stock appreciation rights (SARs) – Cannot be assessed as perquisite [ S.15 ]

S. 14A : Disallowance of expenditure – Exempt income –No disallowance can be made without recording of satisfaction [ R.8D ]

S. 14A : Disallowance of expenditure – Exempt income – Recording of satisfaction is mandatory after giving an opportunity of hearing -Disallowance cannot exceed exempt income .[ R.8D ]

S. 12A : Registration –Trust or institution- Maintenance of Shree Durga Mata Mandir- Registration application was made after 34 years of coming in to existence – No dissolution clause – Rejection of application is held to be not valid [ S. 12 ]

S. 11 : Property held for charitable purposes – Museum- Transfer of amount to Punjab State war heroes – Donee trust was not registered – Violation of provision- Addition is held to be justified [ S.11(2) , 11(3), 12AA ]