S. 92C : Transfer pricing – Arm’s length price –It would be impossible to find comparable with all similarities including the similarity of turnover- A functionally similar company cannot be excluded as comparable only on ground that company had a higher turnover .

S. 80IB(10) : Housing projects- Project containing commercial units to the extent permitted by rules and regulation is allowable as deduction. Tribunal is justified in allowing partial deduction only in respect of building completed.

S. 80IB(10) : Housing projects -Commencement of construction before 1-10-1998- If either the development or the construction starts before the specified date, the benefit of deduction is not allowable . [ S.80IA(5)]

S. 68 : Cash credits -Share application – The assessees has filed balance sheet confirmation etc, addition cannot be made merely on suspicion , if AO has any doubt he should make enquiry with lenders bank etc .

S. 37 (1) : Business expenditure – Provision for deficiency in service – Ascertained liability – Profits chargeable to tax – Remission or cessation -Addition cannot be made. [ S.145 ]

S. 2(22)(e):Deemed dividend- Trade discount – Agents’ deposit – Regular business transactions cannot be assessed as deemed dividend .

S. 158BC : Block assessment -Statement u/s 132(4) can be used against the assessee only if the statement has relevance to any incriminating document or material found during course of search -Block assessment is held to be bad in law.[ S. 132(4) ]

S. 68 : Cash credits -Share application-Investors have complied with details u/s 133(6) and the summons was not issued to the investors though request was made by the assessee, addition was held to be not justified . [ S. 131,133(6) ]

S.147: Reassessment -In the notice u/s 143(2) earlier assessment year is mentioned , the said notice cannot be said to be in valid [ S.143(2), 148 ]

S.69: Unexplained investments –Family settlement- Sale deed showed cash consideration was paid therefore addition as unexplained investment was held to be justified .