S. 37(1) : Business expenditure – Interest for delay in making payment of Service tax and Tax deducted at source being compensatory in nature and not penalty in nature was held to be allowable deduction.

S. 37(1): Business expenditure —Subscriptions in the nature of annual membership was held to be allowable .

S. 37(1):Business expenditure — Capital or revenue -Development expenditure — Depreciation was held to be allowable at 10% and balance was held to be disallowable [ S. 32 ]

S. 37(1): Business expenditure — Advertising company — Purchase of Angles and channels was held to be allowable as deduction .

S. 37(1): Business expenditure — Commission crystallised relevant year , therefore allowable as deduction

S.37(1): Business expenditure — Contribution to staff welfare fund was held to be allowable expenditure.

S.37(1): Business expenditure -Discount on shares allotted by assessee to its employees under ESOP scheme out of its share capital is an allowable deduction .

S.37(1): Business expenditure -Premium paid for Keyman Insurance was allowable in year in which premium was paid.

S.37(1): Business expenditure – Capital or revenue- Annual lease premium paid for acquiring mining rights on a land was capital expenditure.

S. 37(1): Business expenditure –Commission agents – Confirmation and tax was deducted at source- Disallowance on the basis of presumption was held to be not valid