S. 40(a)(ia) : Amounts not deductible-Deduction at source-Running infertility clinic carrying out in vitro Fertilisation-Payee not maintaining proper accounts-Disallowance is held to be justified. [S. 194C]

S. 40(a)(i) : Amounts not deductible-Deduction at source-Fes for technical services-Payment per head is not in excess of threshold limit-Not liable to deduct tax at source [S. 91(1)(vii), 194J]

S. 37(1) : Business expenditure-The expenditure necessary to maintain Assessee’s corporate personality would be an allowable expenditure even when no business was undertaken.

S. 37(1) : Business expenditure-Interest for delayed payment of service tax-Allowable as deduction-Remanded for verification.

S. 36(1)(vii) : Bad debt-Non-banking finance company-Interest income offered to tax in earlier years-Referral fee paid to group entity-Matter remanded for verification. [S. 37(1)]

S. 36(1)(va) : Any sum received from employees-Where assessee deposited employee’s contribution to ESI after the due date under the respective Act but before the due date of filing the return of income under the Act, the same would not warrant any disallowance. [S. 2(24)(x), 139(1)]

S. 36(1)(iii) : Interest on borrowed capital-Amalgamation-Interest paid after amalgamation-Matter remanded.

S. 35D : Amortisation of preliminary expenses-Amortisation of preliminary expenses-Entitled to deduction at one-Fifth of expenditure.

S. 32 : Depreciation-Westland Helicopters-Block of asset User of asset-The concept of user of assets has to apply upon block of asset as a whole instead individual assets-Denial of depreciation is held to be not valid. [S. 2(11)]

S. 32 : Depreciation-Goodwill-Capitalized goodwill on account of excess consideration-Commercial rights-Eligible depreciation. [S. 32(1)(ii)]