S. 37(1) : Business expenditure-Mining business-Stopped by order of Supreme Court-Guarantee payments for resuming mining activity-Expenditure on discharging social responsibility-Contributions to flood relief work-Legal fees to Federation of Mining Industries-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Capital or revenue-Lease hold land-Amount spent on construction-Allowable as revenue expenditure-Explanation to section 32(1). [S. 32]

S. 36(1)(v) : Contribution approved gratuity fund-Contribution of Employees Provident Fund and Employees’ State Insurance-Amendment in 2021 applicable in relation to assessment year 2021-22 and subsequent years-No disallowance can be made. [S. 43B]

S. 36(1)(iii) : Interest on borrowed capital-Loan advanced to subsidiary out of own funds-No disallowance can be made.

S. 35 : Scientific research expenditure-Weighted deduction-Not allowable in respect of expenditure incurred outside India-Expenditure of capital nature is eligible for deduction under section 35(1))iv). [S. 35(1)(iv), 35(2AB]

S. 32 : Depreciation-Policy administration software-Entitle depreciation at 60% as computer.

S. 32 : Depreciation-Intangible asset-Concession agreement with Highways Authority-Engaged in construction and maintenance of by-Pass on build, operate and transfer basis-Eligible for depreciation. [S. 32(1)(ii)]

S. 28(i) : Business loss-Foreign exchange forward contract cover from Bank-Maturity date falling on April, May and June 2013-Entitle to claim loss only in the year of actual loss. [S. 37(1), 143(3), 145]

S. 28(i) : Business income-Income from house property-Leasing, operating and maintaining mall-Rental income assessable as business income and not as income from house property-Interest expense, depreciation and other expenses allowable as business expenditure. [S. 22, 37(1)]

S. 12AA : Procedure for registration-Promotion of garment Industry-General public utility-Entitle registration. [S. 2(15), 11, 12, 13(8), Companies Act, 2013, S. 8]