S. 14A : Disallowance of expenditure-Exempt income-Onus to establish such proximity on department-Assessing Officer must give a clear finding with reference to the assessee’s accounts how expenditure related to exempt income. [S. 10(35), R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Failure by Assessing Officer to record dissatisfaction-No disallowance could be made. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income earned. [R. 8D]

S. 11 : Property held for charitable purposes-Statutory Board under control of State Government-Entitled to exemption. [S. 2(15)]

S. 11 : Property held for charitable purposes-Town Planning Authority Constituted Under State Law-Entitled to exemption. [S.2(15), Gujarat Town Planning Act, S. 22]

S. 11 : Property held for charitable purposes-Preservation of environment is charitable purpose-Institution engaged in management of liquid and solid wastes of industrial area-Entitled to exemption. [S. 2(15)]

S. 11 : Property held for charitable purposes-Authority constituted under State Town Planning Act-Entitled to exemption. [S. 2(15)]

S. 10B : Export oriented undertakings-Expansion of existing processing capacity-Eligible deduction. [S. 10B(7), Industrial, (Development and Regulation) Act, 1951, S.14]

S. 10B : Export oriented undertakings-Export turnover-Expenditure in foreign exchange for provision of technical services outside India is includible Amortisation expenses-Matter remanded to Tribunal. [S. 37(1), 254(1)]

S. 10B : Export oriented undertakings-Export turnover-Expenses incurred in foreign exchange to provide technical services outside India and for product development-Expenditure cannot be excluded from export turnover.