S. 90 : Double taxation relief-Banking company-Not made arrangement for declaration of dividend-Non-Discrimination-Income is to be charged at a higher rate of tax in India vis-a-vis domestic company and same could not be treated as discrimination on account of fact that assessee belonged to other Contracting State, i.e. Korea-DTAA-India-Korea. [S. 9(1(i), Art. 24]

S. 90 : Double taxation relief-Salary-Foreign tax credit-Filing of Form No 67 is not mandatory-DTAA-India-Netherlands.[R. 128(9), Form no.67 Art. 24]

S. 80P : Co-operative societies-Return filed after due date-Deduction cannot be denied.[S. 80AC, 139(1), 143(1)(a)(ii), 143(1)(a)(v)]

S. 80IE : Undertakings-North-Eastern states-Belated return-Deduction is not available. [S.80AC, 139(1)]

S. 80IB : Industrial undertakings-Eligible business-No adjustment could be made in respect of expenses relating to other undertaking while computing deduction-Mineral oil, for purpose of claiming deduction under section 80-IB(9) includes natural gas and condensate and therefore profit derived from sale of natural gas and condensate was to be allowed as deduction under section 80IB(9). [S.80IA(5),80IB(9)]

S. 80G : Donation-Approval-Commissioner cannot impose condition while granting approval.[S. 12A, 80G(5)]

S. 69A : Unexplained money-Additional evidence-Reconciliation statement is filed-Matter remanded to the Assessing Officer.[Form NO. 26AS]

S. 68 : Cash credits-Cash received deposited in bank account-Turn over is not disputed-Addition is deleted.

S. 68 : Cash credits-Capital gains-Long term capital gains on sale of shares-Penny stock companies-Failed to establish genuineness of rise of price of shares within a short period of time that too when general market trend was recessive-Addition is affirmed.[S. 10(38), 45]

S. 56 : Income from other sources-Gift from uncle-Constructive gift from uncle-Addition is deleted.[S. 56(2)(vii), 68]