S. 115JB : Company-Book profit-Financial corporation-Not a company-Not liable to be assessed to book profit.[S. 2(17), 2(26), Companies Act, 1956, S. 129]

S. 115BBE : Tax on specified income-Determination of tax in certain cases-Permanent disability- Blind or physically handicapped persons-Disallowance of claim-Tax cannot be imposed under section 155BBE of the Act-Provisions of section 69A cannot be invoked in respect of incorrect claim of deduction under section 80G-Tax cannot be imposed under section 155BBE of the Act. [S. 68 to 69, 69A 80G, 80U]

S. 90 : Double taxation relief-Foreign tax credit-Mere delay in filing Form No. 67 as per provisions of rule 128(9), under will not preclude assessee from claiming benefit of foreign tax credit in respect of tax paid outside India.[S.90A, R. 128(9), Form No.67]

S. 80G : Donation-Additional evidence-Rectification application is pending-Matter is remanded back to Assessing Officer to examine assessee’s claim with reference to supporting evidence filed by it. [S. 154]

S. 74 : Losses-Capital gains-Revised return at a higher amount-Acknowledgement of filing return to CPC with condonation of delay-Allowed to be carry forward to next year. [S. 139(1), 139(3), 139(5)]

S. 69A : Unexplained money-Search-Protective assessment-Unaccounted gold-Statement of supplier-Supplier confirmed-Addition is deleted. [S. 132, 153C]

S. 69 : Unexplained investments-Plant and machinery-Purchase bills furnished-Deletion of addition is affirmed- Power generation-Matter remanded.[S.80IA]

S. 68 : Cash credits-Corpus donation-Kolkata based companies-Donor companies were struck off by order of Registrar of Company-Addition is held to be justified.[S. 11, 115BBC, 115BBE]

S. 68 : Cash credits-Construction of flats-Amount received from members-Confirmation letter is filed-Source of the source not required to be proved-Addition is deleted. [S. 131]