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)]

S. 271(1)(c) : Penalty – Concealment –On money – Survey – Income voluntarily offered- Deletion of penalty is held to be justified [ S. 131(IA), 133A]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Matter to be remanded to Commissioner where evidence was not considered by him- Monetary limits – Appeal was dismissed .[ S. 80IB, 153A, 254(1), 260A]

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record – Delay of 1924 days ( Eight years) -Condonation of delay was dismissed . [. 260A ]

S. 246A : Appeal – Commissioner (Appeals) – Writ against assessment order – Alternative remedy – Writ petition was dismissed .[S. 143(3), 248, Art, 226 ]