S. 41(1) : Profits chargeable to tax – Remission or cessation of trading liability – Commission claimed as expenditure – Write off of loan- cannot be treated as revenue receipts .

S. 40(a)(ii) : Amounts not deductible – Any rate or tax levied – Education cess is held to be deductible . [ S. 246A , 254(1) Indian Income-tax Act, 1922, S 10(4) ]

S.37(1): Business expenditure — Advertisement expenses – Failure to prove the genuineness of expenses – Disallowance is held to be justified

S.37(1) : Business expenditure — Termination of lease and licence – Deletion of expenditure is held to be justified .

S.37(1) : Business expenditure — Capital or revenue- Preliminary expenditure incurred for submission of tender in another Port —Allowable as revenue expenditure .

S.37(1) : Business expenditure — Capital or revenue – Replacement of damaged parts of existing machinery — Revenue expenditure .

S.37(1) : Business expenditure — Capital or revenue Computer software expenses — Legal expenses incurred in connection with sale of capital assets – Held to be revenue expenditure .

S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts – Co-Operative Bank — Deduction for 10 Per Cent. of aggregate advances of Rural Branches – Not allowable .

S.36(1)(vii): Bad Debts —Lottery and financing business- Advance of money- Amounts written off in accounts — Held to be allowable . [ S.36 (1), 36(2) ]

S.36(1)(vii) ; Bad debts- Part of current assets – Allowable as bad debt .