S. 11 : Property held for charitable purposes-Delay in filing Form 10B-Accumulation of income-Audit report is filed in the course of assessment proceedings-Exemption cannot be denied merely on account of delay in furnishing audit report-It is permissible for assessee to produce audit report at a later stage, either before Assessing Officer or appellate authority-Lack of declaration in Form No. 10 regarding specific purpose for which funds were being accumulated by assessee-trust, would not be fatal to exemption claimed under section 11(2). [S. 11(2), 12A, 44AB, Form No 10, 10B]

S. 11 : Property held for charitable purposes-Hospital along with a Pharmacy store within its premises-Maintained separate books of account-Running of pharmacy store was ancillary to dominant object of assessee to run a hospital-Denial of exemption is not valid. [S.11(4A)]

S. 10A : Free trade zone-Exemption should be computed by excluding telecommunication charges both from export turnover and total turnover-Interest income earned on temporary parking of surplus funds with banks would be entitled to 100 per cent exemption under section 10A-Loss incurred in one eligible unit not required to be set off against profits of other eligible units for purpose of computing exemption under section 10A in respect of profit earning units.

S. 10(23C) : Educational institution-Sub-lease of leasehold nauzul land to builder-Sub-leasing is permissible-Order of CIT(E) withdrawal of registration is set aside. [S. 10(23(C)(vi)]

S. 10(23C) : Educational institution-Survey-Statement of trustee-No evidence to demonstrate that assessee spent income on any object other than for which it was established and thus, assessee did not commit any specified violation-Order, cancelling registration is set aside. [S. 10(23C)(vi), 131, 132(4), 133A(3)]

S. 10(23C) : Educational institution-Multiple objectives along with educational object-Could not be said to be existing solely for educational purpose-Exemption is not allowed. [S. 10(23C)(vi)]

S. 10(23C) : Educational institution-Publication-Charitable-Exemption is denied on the ground that activities of assessee were not charitable in nature-Matter remanded to the file of CIT(A) and pass order after considering judgment of High Court. [S. 2(15), 10(23)(iiiab), 10(23C)(iv), 12A, 12AA]

S. 10(23C) : Medical institution-Hospital-Failure to follow the direction of High Court-Order of commissioner rejecting the exemption is set aside. [S.10(22A, 10(23C(iiiac), 10(23C) (iiiae), 10(23C)(via)]

S. 9(1)(ii) : Income deemed to accrue or arise in India-Salaries-NRI-Independent personal services-Stayed more than 182 days outside India-Salary for period working outside India at Morocco had been subjected to tax as per income tax laws of Morocco-Eligible for benefit of DTAA-India-Morocco. [S. 5(2), 15, art. 15(1)]

S. 9(1)(ii) : Income deemed to accrue or arise in India-Dependent personal services-Tax Credit-Salaries-Bonus received from previous employer in Singapore-Taxable in India-Tax paid in Singapore would be eligible for tax credit-DTAA-India-Singapore. [S. 5(1), 90, art. 15]