Penalty u/s 271(1)(c) can not be imposed for addition on basis of deeming fiction u/s 50C

CIT Vs. Madan Teatres Ltd., ITAT No. 62 of 2013, Date of decision: 14.05.2013, Calcutta High Cour

Expenditure on back up, support and maintenance of existing hardware and software is revenue in nature

CIT vs. Asahi India Safety Glass Limited (2011) 245 CTR 529 (Del.)

S.43B applies to employee contribution also

Kichha Sugar Company Limited (Uttarakhand HC)
Same view adopted in
AIMIL 321 ITR 508 (Del)
 Bharti Shipyard 132 ITD 53 (SB Mum)
Desh Rakshak Aushadhalya 313 ITR 140 (Utt.)
Lakhani India 324 ITR 73 (P&H)

ITAT Mumbai in LKP Securities has taken contrarry stand

Calculation of period of 12 months/36 months for capital gains

Bharti Gupta Ramola v. CIT (2012) 72 DTR 387/251 CTR 139 (Delhi)(High Court)