S. 57 : Income from other sources-Deductions-Interest-Cost of funds on interest income-Matter remanded.[S. 56, 80P(2)(a)(i)]

S. 56 : Income from other sources-Share premium-Real estate-Assessing Officer had not rejected valuation report duly prepared under rule 11UA-Addition is deleted.[S.56(2)(viib), R.11UA]

S. 56 : Income from other sources-Agricultural lands-Within statutory tolerance margin of 10 per cent-Addition is deleted.[S.56(2)(vii)]

S. 56 : Income from other sources-Deeming provisions of section 56(2)(viib) is not applicable to subscriptions by holding companies-Order of CIT(A) is affirmed. [S.56(2)(viib), R.11UA (1)©]

S. 56 : Income from other sources-Allotted 5 percent non-cumulative redeemable preference shares-Share premium-DCF Method-Report from Merchant banker-Valuation report deserved to be given status of statutory evidence with burden upon Assessing Officer to rebut same with evidences establishing either report was based on incorrect facts and figures, or otherwise, valuation method lacked sanctity to be considered as statutory evidence-Order of CIT(A) is affirmed. [S. 56(2) (viib), R.11UA]

S. 56 : Income from other sources-Purchase consideration for transferring immovable property-Late father in the year 1991 and 1992-Value as on date of agreement should only be compared with actual consideration for purpose of section 56(2)(vii)(b)-Unexplained investment-Difference between stamp value of subject property and actual purchase consideration is only deemed/notional income, same could not be brought with meaning of unexplained investment under section 69. [S.56(2((vii(b), 69]

S. 56 : Income from other sources-Interest-Enhanced compensation-Interest received under section 28 of Land Acquisition Act, 1894 on enhanced compensation granted by reference court on acquisition of land is not taxable under section 56(2)(viii) [S. 10(37) 56(2)(viii), Land Acquisition Act, 1894, S. 28]

S. 56 : Income from other sources-Stamp duty-Actual sale consideration-Amendment to section 56(2)(vii)(b) made by Finance Act, 2013 with effect from 1-4-2014-Not clarificatory in nature and would be applicable only with effect from 1-4-2014 and not for assessment year 2012-13.[S. 50C, 56(2)(vii(b), 69, 147]

S.54F : Capital gains-Investment in a residential house-Majority of investment was made subsequent to due date of filing of return-Exemption is allowed.[S.45, 139(1), 139(4)]

S.54F : Capital gains-Investment in a residential house-Registered sale deed-Failure to get documents registered for purchase of residential house-Denial of exemption is justified.[S. 45]