S. 43(5) : Speculative transaction-Derivatives-Matter remanded back to the Assessing officer for verification.

S. 43(5) : Speculative transaction-Hedging transactions-Trading in edible oils-Connected commodities-Bad debt-Receivable from high seas transactions-Matter remanded. [S. 36(1)(vii)]

S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Purchase of old vehicles through agent-Disallowance is deleted.[R.6DD(k)]

S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Lorry transport business-Sub-contractors-Did not come under any exception-Disallowance is affirmed. [R.6DD]

S. 40(a)(ia): Amounts not deductible-Deduction at source-Late payment charges-Delayed payment to broker for share trading activity-Not interest-Not liable to deduct tax at source.[S. 2(28A) 194A]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Contractors-Handling charges-Not liable for deduction of deduction of tax at source on demurrage and railway sidling charges for delayed clearance. [S. 194C]

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Royalty-Fes for technical services-Make available-Payment to holding company-Not liable to deduct tax at source-DTAA-India-UK [S. 9(1)(vi, 9(1)(vii), 195, Art. 13]

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Royalty-Connectivity charges-Taxable as royalty-Liable to deduct tax at source-DTAA-India-UK.[S.9(1)(vi), 195, Art. 13]

S.37(1): Business expenditure-Business of real estate-Marketing expenses-Not allowable-Expenses which were accumulated in work-in-progress as per Ind AS 115, revenue recognition policy and matching concept of accounting principle, same would be allowed in year in which performance obligation was satisfied.[S. 145]

S. 37(1) : Business expenditure-Project for offshore and onshore supply of super critical turbines for thermal power project-Provision for foreseeable loss-Contingent liability-Accounting Standard 7-Matter is restored to file of Assessing Officer with direction to examine claim of assessee by calling for relevant details.[S. 145]