S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Management support service-Deletion of addition by the Tribunal is affirmed. [S. 260A]

S. 80P : Co-operative societies-Credit societies giving credit to own members-Eligible deduction. [S.80P(4), Banking Regulation Act, 1949, Art. 136]

S. 80P : Co-operative societies-Co-operative Bank-Entitled to deduction.[S.80P(2)(i), 80P(2)(d)]

S. 80HHC : Export business–Amendment in 1991 with Effect from 1-4-1992 is prospective-Sale of shares-Business income-to be included in total turnover-Interest earned from deposit of surplus funds in banks–Income from other sources”-to be excluded in computation of deduction. [S. 56, 80HHC(3)]

S. 72A : Carry forward and set off of accumulated loss and unabsorbed depreciation-Amalgamation-Demerger-Sale of windmills-SLP of Revenue is dismissed. [S. (2(19aa), 32, 72A(4)]

S. 69C : Unexplained expenditure-Search and seizure-Duplicate account-Yield in various years-Finding reversed relying on statement-Order of Tribunal is restored. [S. 132, 143(3)]

S. 69 : Unexplained investments-Unexplained money-Possession of goods as bailee for carriage of goods-Does not render owner of gods or deemed to be owner-Bitumen is not a valuable article in context of section 69A-Assessee was mere carrier supplying goods (Bitumen) from consignor i.e. oil marketing companies to consignee i.e. road construction department, he could not be said to be owner for purpose of section 69A of the Act-Other Valuable article-Interpretation Of Taxing Statutes-Ejusdem Generis-Noscitur A Sociis-To be construed Ejusdem Generis with money, bullion or jewellery-Additions deleted. [S. 69A,Carriage by Road Act, 2017, S 15,Contract Act, 1872, S. 148, Transfer of Property Act, 1882, S. 54, Indian Penal Code, 1860, S. 405, Sale of Goods Act, 1930, S. 27, 39, Circular No. 20 of 1964, dated 7-7-19964 instruction No. 1916 dated 11-5-1994 ]

S. 68 : Cash credits-Failed to prove identity, creditworthiness and genuineness of transaction-SLP of assessee dismissed.[Art. 136]

S. 50C : Capital gains-Full value of consideration-Stamp valuation-Compulsory acquisition of land and buildings-S.2(47), 45, Transfer of Property Act, 1882, The Indian Registration Act, 1908, Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, S.96]

S. 45 : Capital gains-Retirement-Firm-Excess of amount due-Goodwill-No discussion in the judgement-Matter remanded to the High court for reconsideration.