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1.Rail Budget 2016 : No hikes in fare; Sub-quota of 33% for women; increased quota of lower berths for senior citizens & women; enhanced capacity of eticketing system.
2.Service charge, user charge, convenience fee paid by gateways & vendors on online or card payments will be waived once steps approved by the Cabinet.
3.TP: Turnover is a relevant factor to consider comparability. [CIT vs. Pentair Water India Pvt. Ltd (Bombay High Court)].
4.Mere change in head of income not attracts concealment penalty. [CIT vs. Shri. Hiralal Doshi (Bombay High Court)].
5.Section 12AA Deemed registration effective after 6 month from application. [CIT vs. Society for the Promn. Of Edn (Supreme Court) Civil Appeal No. 1478 of 2016].
6.Section 154 : AO cannot refuse rectification for mistake attributed to assessee. [ACIT vs Rupam Impex (ITAT Ahmedabad)].

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