S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits–Agricultural produce-Failure to produce farmers-No disallowances can be made. [R. 6DD(e)]

S. 37(1) : Business expenditure-Partner cannot separately claim expenses against income received from partnership firm. [S.28(v), 10(2A)]

S. 28(i) : Business income–Purchase of residential housing plot scheme–Providing for common infrastructure and internal road on the said land -Income arising from sale of plots of land is assessable as business income and not capital gains. [S. 2(13), 45]

S. 28(i) : Business income-Short term capital gains-Land dealings -Purchase of agricultural land–Conversion in to no agricultural for commercial purposes–Transaction of purchase and sale is assessable as business income and not as short term capital gains. [S. 2(13), 45]

S. 11 : Property held for charitable purposes–Skill development project of clients/donors for upliftment of rural poor–Denial of exemption is held to be not valid. [S. 2(15), 11(1), 12AA]

S. 10(26) : Schedule Tribes–Partnership firm–Not member of schedule Tribe-Not entitle to exemption. [S.10(26A), Constitution of India, Art. 366]

S. 22 : Professional or other misconduct–Auditor-No objection certificate-Only requirement is communication from the Chartered accountant who accepts position as an auditor.

S. 68 : Certificate obtained by misrepresentation of facts— Revocation of Certificate is held to be justified. [S. 64(2)(i), S.147, 148, General Clauses Act, 1897, S. 21].

S. 90 : Payment of tax-Validity of provision-Payment of tax-In view of the retrospective amendment, the petitioners challenge to the constitutional validity of section 90(2) of the Finance Act, 1998 does not survive-Recovery notices were quashed. [S. 90(2), 91]