S.115JB: Book profits —Additional revenue in its books — Assessing Officer cannot tinker with book profit.

S.92C: Transfer Pricing—Comparables- A company is engaged in BPO services cannot be rejected as a comparable merely by stating that it is in the health care segment and is functionally dissimilar -Matter remanded .

S.92C: Transfer pricing -Arm’s length price — Exchange rate fluctuations —Taken part of operating margin [ S.92CA ]

S. 80IC : Special category States – Scrap – Sale of scrap is part of business income – Eligible for deduction .

S. 69C: Unexplained expenditure – Bogus purchases — source of purchase not outside books of account and corresponding sales not disputed — Books of account not rejected – Only profit element can be added – Reassessment is held to be valid [ S.37 , 143(3) 147 , 148 ]

S. 69 :Unexplained investments – Search and seizure – Construction activities – Retraction of statement – Addition is held to be not valid[ [S.69A 132(4) ]

S.68: Cash credits —Long-term capital gains – Sale of shares —Penny stock – Purchases in physical form – Dematerialised subsequently — Addition is held to be justified [ S.10 (38) 45 ]

S.68: Cash credits – Family settlement – Source of receipt accepted —Addition is held to be not justified .

S.54F : Capital gains- Investment in a residential house -Purchased within two years from the date of transfer of original asset —Entitled to exemption [ S. 45 ]

S.54F : Capital gains- Investment in a residential house – Failure to deposit unutilised portion of consideration in capital gains scheme — Procedural requirement — Benefit cannot be denied [ S.45 , 54(2)]