S. 32 : Depreciation-Software development service-Machinery installed in office premises-Not manufacturing-Not entitle to addition depreciation. [S. 32(1)(iia)]

S. 24 : Income from house property-Deductions-Interest on borrowed loan-commercial property was not ready to let out-In the absence of evidence the disallowance is affirmed. [S. 22]

S. 23 : Income from house property-Annual value-Estimation of annual letting value-Not based estimate on any reasonable working in determining annual letting value-Addition was deleted. [S. 22, 23(1)(c)]

S. 15 : Salaries-Managing director-Professional fees cannot be assessed as salary. [S. 28(i), 44AB, 194J]

S. 14A : Disallowance of expenditure-Exempt income-No expenditure incurred-Disallowance cannot be made. [R.8D]

S. 12AA : Procedure for registration-Trust or institution-Education-School-Registration cannot be denied merely because assessee was earning certain profit, specifically, when same was utilised towards objects of trust. [S. 2(15), 11]

S. 12A : Registration-Trust or institution-Cancellation of registration-CIT(E) had dropped the proceedings initiated for cancellation of registration-AO has no authority or right to treat the registration is not valid. [S. 11]

S. 11 : Property held for charitable purposes-letting out kalyana mandapa-Commercial activity-Denial of exemption is justified. [S. 2(15) 12A]

S. 11 : Property held for charitable purposes-Objective of generating and propagating innovative ideas on housing,-Construction activity carried on during the year-Denial of exemption is justified. [S. 12AA]

S. 11 : Property held for charitable purposes-Activities of providing swimming pool facilities for aquatic events and training and facilities for other sports and squash, billiards and table tennis etc., were activities of carrying out object of general public utility-Entitle to exemption. [S. 2(15)]