S. 50C : Capital gains-Full value of consideration-Stamp valuation-Reference to D.V.O.-Value in report of D.V.O. lower-Report submitted after assessment order-CIT(A) ought to have considered the value of the report. [S. 45, 48]

S. 48 : Capital gains-Computation-Cost of acquisition-Fair market value on 01.04.1981-Correct F.M.V. to be considered-Assessee’s computation to be accepted. [S. 45, 50C, 55]

S. 45 : Capital gains-Allotment of property-Date of acquisition of property to be reckoned with from date of allotment i.e., in year 1998-99, and thus sale of said office premises on 19-5-2012 would result in long term capital gains. [S. 2(29AA), 2(29B)]

S. 43(1) : Actual cost-Subsidy cannot be deducted from W.D.W of block of asset. [Explanation-10]

S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Amount ceasing to be liability-Necessary details not supplied to AO-Evidence produced for the first time-Matter remanded.[S. 254(1)]

S. 40A (3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits –Additional evidence-No reasonable cause for admitting additional evidence.[ITATR. 29.]

S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Business expediency-Claim not rebutted-Disallowance quashed.[R. 6DD]

S. 40(b)(v) : Amounts not deductible-Partner-Remuneration-Payments as per partnership deed-Permissible limit-Disallowance is not justified. [S. 15, 192]

S. 40(b)(iv) : Amounts not deductible-Partner-Interest-Interest payment to legal heirs of dead partner-Already subjected to tax deducted at source-Cannot be disallowed on the ground of passing of entry-Remanded. [S. 36(1) (iii), 194A]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Documentation charges-Payment paid by assessee-Shown in return of receipts and taxes paid-Disallowance not warranted.[S. 194C]