S. 28(i) : Business income-Income from house property-Service centre operations-Commercial exploitation with various amenities-Assessable as business income.[S. 22]

S. 24 : Income from house property-Deductions-Interest on borrowed capital-Building partly let out and partly used for business-Apportionment of interest on area basis-Deduction allowable.[S. 22]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income earned-Disallowance not sustainable. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income earned-No disallowance permissible. [R. 8D]

S. 11: Property held for charitable purposes-Charitable purpose-Advancement of object of general public utility-Business-Microfinance activities carried on with predominant profit motive-Exemption denied.[S. 2(15), 12, 12AA]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Non-resident-Domain name registration services-Registrar not owner of domain names-Receipts not taxable as royalty-Web hosting and allied services-Independent services-Not Fees for Technical Services-“Make available” test-Web hosting and related services-No transfer of technical knowledge-Not Fees for Included Services. DTAA-India-USA.[S.9(1)(vii),Art. 12(3), 12(4)(a), 12(4)(b)]

S.271D: Penalty-Takes or accepts any loan or deposit –Alleged cash receipt neither loan nor deposit-Quantum addition deleted-Penalty not leviable.[S. 269SS]

S. 263: Commissioner-Revision of orders prejudicial to revenue-Best judgment assessment under section 144-Estimation of income at 2 per cent. of the bank credits-Different opinion of Principal Commissioner not sufficient-Revision invalid-Best judgment assessment-Statutory discretion of Assessing Officer-Cannot be interfered with merely on difference of opinion.[S. 142(1), 144]

S. 263: Commissioner-Revision of orders prejudicial to revenue-Limitation-Issue arising from intimation under section 143(1) and not reassessment under section 147-Limitation to be reckoned from date of intimation-Revision barred by limitation-Delay of 96 days-Person responsible for filing appeal on leave due to daughter’s marriage-Sufficient cause-Delay condoned.
[S. 143(1), 147, 148, 254(1)]

S. 201: Deduction at source-Failure to deduct or pay-Assessee in default-Notice issued beyond four years-Proceedings barred by limitation-Delay of 218 days-Delay due to illness of authorised representative-Sufficient cause-Delay condoned.[S. 133A(2A), 201(1), 201(IA) 254(1)]