S. 68 : Cash credits-Explained the source of deposit-Agriculturist-Deletion of addition is affirmed.[S. 69, 260A]

S. 45 : Capital gains-Transfer-Date of transfer-Transfer of securities-Securities sold in physical form-The date of broker’s note that should be treated as the date of transfer in cases of sale transactions of securities provided such transactions are followed up by delivery of shares and the transfer deed-Dematerialised share scrips and the date of acquisition of shares would be date only when dematerialised shares are entered in the demat account with depository is incorrect-Order of Tribunal is set aside-Entitle to exemption. [S. 10(38), 45(2A), 260A]

S. 37(1) : Business expenditure-Capital or revenue-Advertisement expenses-Payments made under voluntary retirement scheme-Advance paid to project later shelved-Allowable as revenue expenditure-Allowance of workmen and staff welfare fund-Matter remanded by the Tribunal-No question of law. [S. 36(1), 40A(9), 260A]

S. 37(1): Business expenditure-Division of expenditure-Sales return-Provision for sales return-No substantial question of law. [S. 10(1), 145, 260A]

S.37(1): Business expenditure-Bank-Interest-Capital or revenue-Broken period interest paid on purchase of securities-Allowable as revenue expenditure.[S. 260A]

S. 37(1) : Business expenditure-Bank-Interest-Capital or revenue-Broken period interest paid on purchase of securities-Allowable as revenue expenditure-SLP of Revenue is dismissed.[Art. 136]

S. 37(1) : Business expenditure-Banks-Government Securities-Purchased after interest date-Interest paid for broken period is not part of purchase price-Allowable as revenue expenditure.

S.37(1): Business expenditure-Banks-Government Securities-Interest paid for broken period-Allowable as revenue expenditure.[Art. 136]

S. 37(1) : Business expenditure-Banks-Government Securities-Interest paid for broken period-Allowable as revenue expenditure.