S. 69A : Unexplained money-Cash credits-Cash deposits in NRO account-Previous withdrawals-Addition is deleted [S.69A,147, 148]

S. 68 : Cash credits-Surrender of income-Business income-Survey-No sum credited in books-Cannot be assessed as income from undisclosed source. [S.115BBE, 132,133A]

S. 68 : Cash credits-Share capital-Filed names of lenders, Permanent Account Numbers, addresses and Income-Tax Returns, credit worthiness, bank statement-Order of CIT(A) deleting the addition is affirmed-Unsecured creditors-Replied too notices and filed confirmation-Not appeared before Assessing Officer-Order of CIT(A) deleting the addition is affirmed-Statement recorded during search-Opportunity of cross examination is not given-Opening balance cannot be added. [S.133(6)]

S. 68: Cash credits-Share capital-Need not prove source of the source-Order of CIT(A) deleting the addition is affirmed. [S. 131,133(6)]

S. 68: Cash credits-Unexplained loan-Burden of Proof-Assessee submitted primary documents establishing identity and creditworthiness of creditor and genuineness of loan-Addition is deleted.

S. 68 : Cash credits-Customer advances-Accepted in earlier years and latter years-Addition is deleted.

S. 68 : Cash credits-Unexplained cash deposits-Demonetisation-No defects in the books of account-Stock register-Cash sales duly offered to tax have been accepted-Bringing the realization of sale proceeds in cash to tax will amount to double taxation and the same is clearly unsustainable in law.[S. 145]

S. 56 : Income from other sources-Share premium-Valuation of shares of company on NAV method and its subsidiary on DCF method-Method adopted by Assessee to be accepted.[S.56(2)(viib), R. 11UA]

S. 54F : Capital gains-Investment in a residential house-Joint names-Income has to be assessed in the right person-Indexation benefit is available. [S. 4, 45, 54]

S. 54B : Capital gains-Land used for agricultural purposes-Entitled to exemptions even if the new land is registered in the name of his son-Investment by assessee in new land from sale proceeds of old land, even if made before registration of sale-deed, was eligible for exemption. [S. 45]