S. 40(a)(ia) : Amounts not deductible-Deduction at source-Leased line charges-Not liable to deduct tax at source-Before insertion of amendment covering leased charges within definition of royalty by Finance Act, 2012 though with retrospective effect from 1-6-1976. [S. 9(1)(vi), 194J]
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Commission-Brokerage-No disallowance on non-deduction of TDS on commission paid by assessee for immovable property.
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Monitoring fees paid to German bank is interest-Not liable to tax under Act-No disallowance warranted for failure to deduct tax at source-DTAA-India-Germany. [Art. 11(3)(b)]
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess is an allowable expenditure.
S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-payment for purchase of software without deducting TDS-Not affected by subsequent court ruling-No disallowance can be made for failure to deduct tax at source. [S. 9(1)(vi), 194I, 195]
S. 37(1) : Business expenditure-Reimbursement expenses with 15 per cent mark up-Allowable as revenue expenditure.
S. 37(1) : Business expenditure-Repairs-Replacement of part of machinery-Allowable as revenue expenditure.
S. 37(1) : Business expenditure-CSR-Allowable as business expenditure-Penalty- Composition fee paid for regularising deviation in building structure was allowable as revenue expenditure-Capital or revenue-Repairs and maintenance of plant and machinery-Allowable as revenue expenditure-Acquisition of chairs-Capital expenditure-Advertisement expenses-Signage for display of name of Company at dealer’s premises-Expenditure to extent shared is allowable as revenue expenditure-Sales tools/fixtures-Allowable as revenue expenditure-Lumpsum royalty-Additional ground-Capitalised in books-Claimed in return-Allowable as revenue expenditure. [S. 32]
S. 37(1) : Business expenditure-Delayed payment of sales tax-non collection of Form No C from buyers-Not in nature of penalty, allowable as deduction.
S. 37(1) : Business Expenditure-Sales promotion and diwali expenses are held to be allowable as business expenditure.