S. 50B : Capital gains-Slump sale-Entire business of the undertaking was transferred to subsidiary-Order of Tribunal assessing the amount as slump sale is affirmed. [S. 2(11), 2(42C), 45, 50]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Payment to contractor without deduction of tax deduction at source-Disallowance is held to be proper. [S. 12AA, 13(1)(c), 234A, 234C]

S. 37(1) : Business expenditure-Disallowance of part of expenditure-Based on facts-No question of law. [S. 260A]

S. 37(1) : Business expenditure-Method of accounting-Incentive scheme announced to distributors and dealers-Liability arises upon announcement-Not a contingent-Ascertained liability-Allowable as deduction. [S. 145]

S. 37(1) : Business expenditure-Provision on account of leave encashment-Not contingent liability-Allowable as deduction.

S. 36(1)(iii) : Interest on borrowed capital-Unity control and management-Order of Tribunal is affirmed.

S. 36(1)(iii) : Interest on borrowed capital-Borrowed money was used for the purpose of business-Expansion of business-Order of Tribunal is affirmed.

S. 28(i) : Business income-Income from house property-Income from other sources-Rental income from Mall should be considered as business. [S. 22, 56]

S.14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R.8D]

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Advance to proprietary concern of wife of managing Trustee-Explanation was not satisfactory-Disallowance was held to be proper. [S. 12AA, 13(1)(c)]