S. 115WB : Fringe benefits-Employer-Employee relationship-Advertisement and business promotion expenses-Conference and meeting expenses and gift articles-Accepting that expenses incurred for benefit of Doctors-No employer and employee relation ship-Addition is deleted. [S.115W(2)(d), 115WB(2)(o)]

S. 115JB : Company-Book profit-Lease equalisation reserve created on leases on buildings being used by assessee-Not to be added while computing book profits.

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Arm’s Length Price-Most appropriate method-Resale price method is most appropriate method-Comparable-Functionally comparable-Deletion of transfer pricing adjustment is proper.

S. 92B : Transfer pricing-International transaction-Arm’s length price-Avoidance of tax–Corporate guarantee-Corporate guarantee commission to be charged qt 0.50 Per Cent.[S.92CA 92E]

S. 90 : Double taxation relief-Foreign tax credit-Filing of Form 67 with certificates and statements is mandatory-Directory with respective to time-limit-DTAA does not prescribe filing requirement for foreign tax credit it will prevail over provisions of domestic law-Form, certificate and statements filed with return belatedly but before actually processing or before final assessment made is sufficient compliance-Entitled to credit-DTAA-India-USA.[S.6,90A, 91, 139(1) 139(4), R.128(9), Form No 67, Art. 25, 26]

S. 80P : Co-operative societies-Rental income and interest on deposits-Service charges shown as income from other sources-Matter remanded to the file of CIT(A). [S. 22, 24, 56, 57]

S. 69C : Unexplained expenditure-Bogus purchases-Not doubted sales-Estimate of income at 12.5 Per Cent. of bogus purchases is affirmed-As regards special deduction-Industrial undertaking-Matter is remanded. [S.80IC]

S. 69C : Unexplained expenditure-Expenses paid regarding purchase of land prior to withdrawal from bank-Addition as alleged payment out side the books of account-Pending litigation-Advances paid was shown as current liabilities-Addition is not justified.[S.69,69B, 153A]

S. 69 :Unexplained investments-Land purchased in earlier year-Delayed payment-Registered sale without making payment to vendor-Addition cannot be made as undisclosed income.

S. 69 : Unexplained investments-Income from undisclosed sources-Partner in firms carrying construction projects-Entries in Diary seized during search-Cash received and paid-Undisclosed income was disclosed by partners-Deletion of addition is affirmed