S. 80P : Co-operative societies-Credit co-operative banks-Loan disbursement-Narration in loan extracts in audit reports by itself may not be conclusive-Matter remanded. [S. 80P(2)(a)(i)]

S. 80ID : Hotels and convention centers in specified area-Transfer of a building previously used as a Hotel-Not eligible deduction. [S. 80ID(3)]

S. 80IB(8A) : Scientific research and development-Hybrid cotton seeds-Matter remanded. [S. 80IA]

S. 80IA : Industrial undertakings-Infrastructure development-Developer-cum-contractor-Eligible for exemption. [S. 80IA(4))(i)]

S. 69C : Unexplained expenditure-Bogus purchases-Ad-hoc addition-Only difference between gross profit rate on genuine purchases and gross profit rate on alleged hawala can be added-Once reassessment is held to be valid-Free to assess any other income. [S.147, 148]

S. 69B : Amounts of investments not fully disclosed in books of account-Investment in stock-Finding based on search conducted by DGCI-Order set aside by CESTAT-Addition was to be deleted.

S. 69A : Unexplained money-Gold inherited from mother-Sale proceeds of gold-Not shown in the balance sheet-Addition is held to be not justified when there is no statutory provision to show in the balance sheet.

S. 68 : Cash credits-Share capital-Investors had sufficient net worth-Addition is held to be not justified.

S. 56 : Income from other Sources-Shares-Valuation-Net Asset Value (NAV) method-Discounted Cash Flow (DCF) method-Choice is with assessee-Assessing Officer can determine a fresh valuation but cannot change method of valuation which has been opted by assessee-Matter remanded. [S. 56(2)(viib), R.11UA]

S. 56 : Income from other sources-Share premium-Method of valuation-Discounted cash flow method, or book value method-Choice is with assessee-Revenue cannot force assessee to adopt particular method for valuing fair market value of share. [S. 56(2)(viib), R.11UA(1)(c)(b), 11UA(2)(B)]