S. 54F : Capital gains – Investment in a residential house –Sale is not concluded or agreement of sale is not certain to be honoured, assessee cannot claim deduction in respect of purchase or construction of property [ S.45, 54F(4)]

S. 69 :Unexplained investments – On money -No addition can be made on the basis of the documents found from premises of third party neither the name of assessee was mentioned nor any evidence was found for purchase of any property [ S. 132, 153A ]

S. 153A : Assessment – Search-When there was no search proceedings against the assessee , assessment made in consequence of notice issued under section 153A, is invalid and void ab initio . [ S. 69,132 ]

S. 153C : Assessment – Income of any other person – Search – Illegal payments -Addition made on the basis of third party statement who have retracted and without giving an opportunity of cross examination initiation of proceedings was held to be not valid [S.132 ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue -Scientific research – Revision was held to be justified and the direction given by the CIT was modified allowing the AO to examine the claim [ S. 35(1)]

S. 254(1): Appellate Tribunal- Additional ground- Failure to deduct tax at source- Issue which was not contested before the CIT(A) , it is open to the assessee to challenge the disallowance first time before the Tribunal, additional ground was admitted and matter was remanded to the file of AO for adjudication on merits. [ S. 40(a)(ia), 44AB,194A,194I, Art. 265 ]

S.92C:Transfer pricing –Arm’s length price – Variation in closing stock in order to compute operating cost was not considered hence adjustment was held to be not valid .

S. 69C : Unexplained expenditure -Seized papers- Merely on the basis of seized papers addition cannot be made when the assessee has not purchased any land from persons mentioned in the seized documents [ S. 132 ]

S. 56: Income from other sources – Purchase of property from a company wherein the assessee is also director can not be assessed as income from other sources , as the amendment to assess difference arising out of stamp duty value and actual sale consideration as income in case of sale of property for a consideration less than stamp duty value of property was incorporated into statute by Finance Act, 2013 with effect from 1-4-2014[ S. 56(2)(vii) ]

S. 50B : Capital gains – Slump sale –Cost of acquisition- Transfer of its business division to its subsidiary against shares and debentures is not a slump sale but exchange hence provision would not be applied .[ S.2(42C), 45 ]