S. 115JB : Book profit-Capital loss debited to profit and loss account-Qualification by Auditor-Neither eligible for deduction under normal provisions nor under alternate provisions of taxation. [S. 28(i), 37(1)]

S. 115JB : Book profit-Special category States-Not to be reduced. [S.80IC]

S. 90 : Double taxation relief-Income from employment-Section 90 does not bar operation of article 16 of DTAA with USA DTAA-India-USA. [S. 9, Art. 16]

S. 80P : Co-operative societies-Co-operative Bank-Dividend income-Short-term deposit with co-operative bank-Eligible deduction. [S. 2(19), 80P(2)(d), 80P(2)(a)(i)]

S. 80IC : Special category States-Deduction to be restricted to extent of gross total income. [S. 80A, 115JB]

S. 74 : Losses-Capital gains-Return filed within a specified time-Set-off of capital loss brought forward from the assessment year 2010-11 was to be allowed to assessee in the relevant assessment year. [S.80, 139(1)]

S. 71 : Set off of loss-One head against income from another-Capital gains-Exempt income-Short-term capital loss from shares could not have been set off against any tax-exempt income covered under Chapter III. [S. 10(38)]

S. 68 : Cash credits-NRI-Gift from brother-Addition was deleted.

S. 68 : Cash credits-Share application money-Bank statements, audited balance sheet, financial statements, copies of ITR etc.-Addition is not valid.

S. 56 : Income from other sources-Bonus shares-Provisions of section 56(2)(vii)(c) are not applicable to bonus shares. [S. 56(2)(vii)(c)]