S. 37(1) : Business expenditure-Professional fees-Prior period expenditure-Expenses pertaining earlier year-Crystallized during the year-Allowable as deduction-Commission payable-Expenses pertaining to earlier year-Not allowable as deduction. [S. 145]

S. 37(1) : Business expenditure-ESOP Scheme-Discount on shares allotted by assessee to its employee under ESOP Scheme is revenue expenditure.

S. 36(1)(vii) : Bad debt-Unutilized CENVAT and Service Tax credit-Not allowable as bad debt-Failure to establish irrecoverable during year under consideration the amount not allowable as business loss. [S. 28(i), 36(2), 37(1)]

S. 36(1)(iii) : Interest on borrowed capital-Land-Interest cost on capital asset-Not put to use-Not allowable as revenue expenditure. [S. 43(1)]

S. 35DDA : Amortisation of expenditure-Voluntary retirement scheme-Slump sale-Allowable as deduction. [S. 50B]

S. 35AD : Deduction in respect of expenditure on specified business-Hotel-The assesseee need not to construct entire building by itself or own building and land-Eligible deduction on the amount spent in the part of construction of building. [S. 35AD(4)]

S. 35AB : Know-how-Technical know-how-Allowed in initial year-Balance of claim in succeeding 5 years should be allowed as deduction without adjudicating on admissibility of claim.

S. 32 : Depreciation-Additional depreciation-Put to use in earlier year-20 per cent of actual cost of plant or machinery-Put to use less than 180 days-50 percent of additional depreciation allowable. [S. 32(1)(iia)]

S. 23 : Income from house property-Annual value-Builder-Unsold flats-Stock in trade-No addition can be made on account of deemed rental income could be made in respect of unsold stock of flats held as stock in trade upto assessment year 2017-18. [S. 22, 23(5)]

S. 14A : Disallowance of expenditure-Exempt income-Interest-Own capital and free reserves-More than investments-No disallowance is to be made. [R. 8D]