S.36(1)(vii) : Bad debts– Provision for bad and doubtful debts which was not written off cannot be allowable as deduction .

S. 36(1)(va) : Any sum received from employees – Employees contribution to PF and ESI was allowable deduction to the assessee if deposited before due date of filing of return u/s 139(1) of the Act. [ S.139(1) ]

S. 36(1)(v); Contribution approved gratuity fund -Payment to a gratuity fund on a date prior to date of approval of a gratuity fund- Deduction cannot be denied .

S. 36(1)(iii) : Interest on borrowed capital – Capital was borrowed for acquisition of fixed assets and only a part of assets were put to use- Interest was to be allowed only to the extent the assets were operational during the current year.

S. 36(1)(iii):Interest on borrowed capital-Finance Charges- Not deductible as these expenses were not relatable to the main business activity of the assessee. [S. 57(iii)]

S. 36(1)(ii) : Interest on borrowed capital- Utilized for purchase of shares- Allowable as deduction.

S.28(i): Business income- Agricultural income – Where the agricultural activities were carried out by the farmers mere supervision by the Assessee without carrying basic operation would not qualify as agricultural activities and accordingly income of the Assessee from processing, packing and sale of various seeds procured from farmers was liable to be treated as business income and not agricultural income [ S.10(1) ]

S. 35D : Amortization of preliminary expenses – Fees paid for increasing the authorize share capital of the assessee company which has been registered in an earlier year is not allowable as a preliminary expense [S. 40(a)(ia) , 194J]

S. 32 : Depreciation- Computer peripherals-Eligible higher rate of depreciation .

S. 32 : Depreciation- Non compete fee- Depreciation is held to be not allowable .