S. 132 : Search and seizure-Retention of seized assets-Cash adjusted against demand on block assessment—Jewellery and fixed deposit receipts to be returned. [S. 153A]

S. 80IB : Industrial undertakings-Satisfied turnover stipulations for Small-Scale Industry-No question of law. [S. 260A]

S. 80IA : Industrial undertakings-Assessee has option to choose initial year- Entitled to notional carry forward of loss from that particular Year. [S. 80]

S. 80IA : Industrial undertakings–Apportionment of expenses between two sets of units—Deduction not exceeding gross total Income—Apportionment of expenses is valid.

S. 80IA : Industrial undertakings-Generation of power-Eligible unit—Consolidated balance-sheet and profit and loss account- Losses of earlier years of other two units of assessee cannot be notionally brought forward and set off against profits of eligible unit. [S. 80IA(5)]

S. 80HHC : Export business–Duty entitlement pass book credit- Entitled to take only net amount of sale value after deducting face value. [S.28(iiid)].

S. 69A : Unexplained money–Bogus purchases- Sundry creditors—Disallowance by Assessing Officer as bogus purchases—Tribunal confirming the 25% of profit embedded in credits–Held to be justified. [S. 37(1), 145]

S. 69 : Unexplained investments–Advance of rent received for premises-Unclaimed balance cannot be treated as unexplained investment or cash credits–Assessable as business income of the relevant assessment year. [S. 5, 28(i), 68]

S. 48 : Capital gains–Cost Of Acquisition—Sale of books from inherited Library—Indexation – Failure to prove cost of acquisition as on 1-4-1981—Estimation of cost of acquisition at forty per cent. of sale price is held to be justified.[S. 45]

S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Refund of sales tax consequent on decision of High Court—Pendency of appeal before Supreme Court-Amount received assessable as income.