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1.TPO may adopt CUP method for unexplained part of transactions. [Denso India Limited vs. CIT (Delhi High Court)].
2.Petty charities in ‘golaks’ are not anonymous donations. [DCIT vs. All India Pingalwara Charitable Society (ITAT Amritsar)].
3.Off shelf software payment is not royalty under India-Singapore DTAA. [M/s. Capgemini Business Services (India) Ltd. vs. ACIT (ITATMumbai)].
4.Govt subsidy to reduce production cost eligible for 80IB deduction: SC. [CIT vs. M/s. Meghalaya Steels Ltd. (Supreme Court)]
5.Adjournment sought due to death in family is justifiable. [Zuari Global Ltd. vs. Principal CIT (Bombay High Court)].
6.Revision cannot be done on mere different conclusion of CIT.[M/s Juhi Alloys Pvt. Ltd. vs. CIT (ITAT Lucknow)].
7.No reassessment where no original assessment : SC. [M/s. Standard Chartered Finance Ltd. vs. CIT (Supreme Court)].

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