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

S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income earned-Tribunal restricting disallowance to extent offered by assessee is held to be proper. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-No non-taxable income in relevant assessment Year-No disallowance can be made.

S. 10B : Export oriented undertakings-Manufacture-Conversion of copper clad glass epoxy laminate into smaller pieces-Processes amounted to manufacture-Entitled to exemption.

S. 10B : Export oriented undertakings-Total turnover-Foreign currency expenditure incurred for providing software development services outside India cannot be excluded from export turnover for purpose of computing deduction-When expenditure incurred in foreign currency on account of telecommunication expenses is excluded from export turnover, said expenditure has to be excluded from total turnover also for purpose of computation of deduction. [S. 80HHC, 80HHE ]

S. 10(24) : Association of trade unions-Amount received on settlement of dispute between company and its workers-Amount disbursed to workers-Amount not assessable in hands of trade union.

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty Payments made for import of software for imparting of information concerning technical industrial commercial or scientific knowledge etc-Assessable as royalty-Liable to deduct tax at source. [S. 9(1)(vii), 195]

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Amount received/receivable by applicant under equipment supply contract awarded by an Indian company for off shore supply of Coke Dry Quenching (CDQ) units would not be chargeable to tax in India-DTAA-India-Japan. [Art. 7]

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Liaison office-Involved in preparatory and auxiliary activities but also involved in ascertaining customer requirements, price negotiations obtaining of purchase orders etc- Constituted PE in India and profit attribution has to be done-DTAA-India-Singapore. [S. 92, Art. 5]

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Supervisory activities should be more than 183 days in a fiscal year-No part of income from transaction is assessable in India-DTAA-India-Singapore. [Art. 5, 12]