S. 92C : Transfer pricing-Arm’s length price-Tribunal after giving detailed reasons rejected comparables selected by TPO-No question of law arose for consideration. [S. 260A]

S. 90 : Double taxation relief-Interpretation of agreements-Matter covered by Supreme Court-Writ petition was dismissed.[Art. 226]

S. 90 :Double taxation relief-Interpretation of agreements-Matter covered by Supreme Court-Writ petition was dismissed-SLP of assessee dismissed. [Art.136]

S. 69C: Unexplained expenditure-Bogus purchases-Restricting addition to the extend of seven percentage of alleged bogus purchases-No question of law-Order of Tribunal was affirmed. [S.37(1), 69C, 260A].

S. 69C: Unexplained expenditure-Bogus purchases-Information from sales tax department-Suspicious dealers-Only profit attributable on total purchase consideration could be subject to income-tax-Not entire purchase.[S. 260A]

S. 69C : Unexplained expenditure-Bogus purchases-Tribunal justified in restricting addition to 8% GP on impugned purchases, as purchases were genuine and paid by cheque. [S. 133(6),
260A]

S. 69C : Unexplained expenditure-Bogus purchases-No discrepancy between purchases and sales-Entire bogus purchases could not be treated as income; addition restricted to GP element. [S. 260A]

S. 69A : Unexplained money-Seizure at airport-Professional income explained-Competent authority was directed to return seized cash. [S. 131(1A),Art. 226]

S. 69A : Unexplained money-Accommodation bills-Burden of proof-Assessee was not obliged to produce third-party books-Order of Tribunal deleting the disallowance was affirmed.[S. 260A]

S. 45 : Capital gains-Sale of shares-Computation of capital gains-Fair market value as on 01-04-1981-Leasehold land-lease value of leasehold interest to be taken into account.[S. 2(22B), 55(2)(b)(ii), Wealth-tax Rules, 1957.R. 1D]