Section 14A disallowance cannot increase book profit under MAT, with binding precedent closing the Revenue's challenge.

TNMM comparability, operating foreign exchange gain, and interest deduction against other sources income were resolved in the assessee's favour.

Charitable trust's micro-credit facilitation did not amount to business, and approval was directed to be granted.

Scientific research approval granted for tax deduction purposes, subject to compliance, annual reporting, and donor certificate requirements.

Scientific research approval granted to a university institution, subject to compliance, annual filing and donor certificate requirements.

Actual rent expenditure governs House Rent Allowance exemption where employer pays landlord and recovers rent from salary

Section 80I deduction computed on industrial profits without reducing Section 32AB relief, Court rules for assessee

Profit element in on-money receipts taxable on estimate, with no substantial question of law arising from factual appreciation.

Impounded diary additions fail without corroboration; telescoping of diary receipts against investment avoids double taxation

Penalty for concealment under the Interest Tax Act requires actual concealment; bona fide non-filing without additions will not attract it.

Faceless assessment limits and draft-order requirements clarified; writ challenge rejected, with merits left to statutory appeals.

Deduction for interest from co-operative bank investments upheld, with limited factual verification left before relief

Computer software depreciation and section 14A relief restrict MAT adjustments under section 115JB in the ruling.

Form 10B reconciliation and income application claims sustained after duplicate computation was corrected in charitable assessment proceedings.

Section 80P(2)(d) deduction extends to interest from co-operative bank deposits, with Totgar's distinguished on identical facts.

Treaty protection for support-service receipts: no royalty, no Indian tax without PE, and penalty challenge premature

Bogus purchase additions: accepted sales and banking evidence justified restricted profit estimation on unverified trading transactions.

Educational trust exemption upheld despite capitation fee allegations; depreciation allowed before prospective amendment, and reinvestment-based capit...

Educational institution exemption: belated audit report treated as procedural, prima facie expenditure disallowance under 143(1) deleted

Reliable comparables and APA benchmarking in transfer pricing: unreliable accounts justified exclusion, and support-service adjustment was deleted.