S. 69B : Amounts of investments not fully disclosed in books of account – Purchase of land – Difference between the amount disclosed and estimate by Assessing Officer cannot be treated as undisclosed . [ S.153A ]

S.68: Cash credits — Deposit in Bank- — Failure to explain the source satisfactorily addition was held to be justified .

S.37(1): Business Expenditure – Commission – Expenditure incurred was reasonably linked with its business which was confirmed by the parties hence allowable as business expenditure

S.32: Depreciation —Machinery utilised for trial runs is entitle to depreciation .

S. 10(34) :Dividend – Domestic companies – Tax on distribution of profits – Applicable only for amounts which suffered tax u/s 115O does not apply to deemed dividends . [S. 2(22)(e), 115O]

Chartered Accountants Act, 1949
S. 22A: Appellate Authority- Appellate Authority of four members can hear and decide appeal, in spite of recusal of one of members .

S. 264 : Commissioner – Revision of other orders – Where assessee deliberately avoided availing of regular remedy by way of an appeal against assessment order and just before expiry of prescribed time period, preferred revision same was rightly dismissed by Principal Commissioner .

S. 255 : Appellate Tribunal – Powers of President -Power to constitute special Bench is with president , Court will not interfere .

S. 251 : Appeal – Commissioner (Appeals) – Powers – Once penalty order was set aside by revisional authority, it was thereafter not open for Commissioner (Appeals) to still examine merits of such an order and declare his legal opinion on same. [ S.264,271(1)(c ) ]

S. 245R : Advance rulings – Capital gains- Application for advance ruling could not be rejected merely because it involved computation of capital gains as computation of capital gains is embedded in concept of valuation and question pertained to legal admissibility of transaction and not of any valuation -DTAA-India – Mauritius [ Art 13(4) ]