S.2(14)(iii) : Capital asset – Agricultural land -Capital gains- Business income- Sale of agricultural land purchased on good price and purchasing the land of higher volumes at different places cannot be regarded as trader- Entitle to exemption. [ S. 2(14) , 28(i)]

S. 2(22)(e) Deemed dividend-Beneficial owner – Prima facie, CIT v. Ankitech pvt Ltd ( 2012) 340 ITR 14 ( Delhi)( HC) and CIT v. Madhur Housing and development company ( 2018) 401 ITR 152 (SC) , is wrongly decided and should be reconsidered by larger bench.

S. 2(22)(e):Deemed dividend -loans from two companies addition cannot be made as deemed dividend [ S. 260A ]

S. 4 Income Chargeable to charge to tax-Panama Papers-PIL was Dismissed

S.40(a)(i):Amounts not deductible deduction at source- Payments made by assessee not in nature of royalty either under domestic law or under DTAA–No disallowance can be made. [S.195]

S. 28(i) : Business loss-Chit fund business-If a subscriber incurs loss in subscribing to chit fund to raise funds to use them in his business or for business purpose, such a loss is an allowable deduction.

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Fees paid with respect to a ‘contract of work’ does not constitute “fees for technical services” and consequently the assessee is not liable to deduct TDS.[S. 195, 201]

S. 4: Charge of income-tax–Capital or revenue-Non-compete fees-Receipt of non-compete fees is capital receipt and not assessable as capital gains.[S. 28(iv), 45, 55(2)]

S. 4: Charge of income–tax -Capital or revenue- Subvention received by assessee from parent company at time when assessee making losses, payment to protect capital investment was held to be not revenue receipt. [S.2(24), 28(i)]

S.2(14)(iii): Capital asset-Agricultural land-Sale of agricultural land to non –agriculturist cannot be the ground to deny the exemption- Capital gains cannot be chargeable to tax.[S. 45, Goa, Daman and Diu Land Revenue Code, 1968 , S. 2(1), 105]