Validity of Addition u/s 68 on receipt of unexplained gift if there is no relation between assessee and donor
Allowability of Set off of loss in respect of Sham and collusive transactions between the sister concerns
The activity of preparation of development plans and to execute works in connection with supply of water, disposal of sewerage and provisions of other services, is a “charitable activities” eligible for exemption under section 11
If AO has not made any primary, independent enquiry, addition done u/s 68 during reassessment is not valid
No disallowance under section 43B towards electricity duty which is collected as an agent on behalf of the Government
If amenities charges in respect of leased building is forming an integral part of the building, it would be taxable as ‘Income from house property’