S. 37(1) : Business expenditure — Provision for non-moving inventory — consistent treatment from year to year in return, allowable for deduction. [S. 145 ]

S. 37(1) : Business expenditure—Provision for warranty expenses — provision made based on transactions carried out in preceding three years on scientific basis and method consistently followed in past such expenditure is allowable. [S. 145]

S. 37(1) : Business expenditure-Capitalised in the books of account as work in progress-Revised return claiming as allowable revenue expenditure -Held to be allowable. [S. 145]

S. 37(1) : Business expenditure –Brand building – Advertisement expenses- Held to be revenue expenditure.

S. 36(1)(vii) : Bad Debt — Write-off in books of account sufficient compliance, no further requirement to prove debt has become bad.

S. 36(1)(iv) : Contribution to recognized provident fund– Amalgamated company -Matter remanded. [S. 37(1)]

S. 32 : Depreciation-Pollution control equipment–Failure of the authorities to examine the nature of equipment–Matter remanded.

S. 28(i) : Business Loss — Write off of stores and parts -Imported goods were lying in custody of port authorities in bonded warehouse- Relinquishing its right and title to goods- Goods lost their life for use in its business-loss is incidental to business and allowable as business loss. [S. 37(1)]

S. 22 : Income from house property – letting out of its permanent structured on regular basis is assessable as income from house property – Receipt of license fee for use of craft stalls organized with object of promoting tourism, is taxable as business income. [S. 28(i)]

S. 10B : Export oriented undertakings -Delay of one month in uploading the return-System was affected by virus -Reasonable cause – Exemption cannot be denied. [S. 139(1)]