1.

Franchisee fee received for giving a special right or privilege to the franchisee with certain conditions is income from business and not income from house property — Tamil Nadu Tourism Dev. Corp. (2014) 368 ITR 533 (Mad.)

2.

Interest income on funds kept as margin money for obtaining the bank guarantee would be taxable under profit and gains of business or profession. — K and Co. (2014) 364 ITR 93 (Del)

3.

Replacement of parts of plant and machinery (Dies & Moulds) to ensure its performance without bringing any new asset or to obtain a new advantage is eligible for duction as current repair — TVS Motors Ltd. (2014) 364 ITR 1 (Mad.)