S. 40(a)(ia) : Amounts not deductible-Deduction at source-Asset valuer’s fees paid by the lender bank and recovered from the assessee-Not liable to deduct tax at source. [S. 194J]

S. 37(1) : Business expenditure-Corporate Social responsibility (CSR)-Allowable as deduction-Explanation to section 37(1) is prospective w.e.f. AY. 2015-16]

S. 37(1) : Business expenditure-Swap charges-Converting floating rate loan to a fixed rate loan-Allowable as deduction.

S. 37(1) : Business expenditure-Ad-hoc disallowance-Self-made vouchers-Held to be not justified.

S. 37(1) : Business expenditure-Payment made for reclamation and rehabilitation of mine area-Direction of Supreme Court-Allowable as deduction.

S. 37(1) : Business expenditure-Real estate business-Pre-Operative expenses-Set-up of business-General administration and selling expenses are allowable as deduction though no revenue was generated.

S. 37(1) : Business expenditure-Capital or revenue-Lease holder-Repair and maintenance-Allowable as revenue expenditure.

S. 36(1)(va) : Any sum received from employees-Provident fund-ESI-Paid before due date of filing of return-Allowable as deduction-Amendments of Finance Act, 2021 to section 43B and 36(1)(va) apply prospectively. [S. 43B]

S. 36(1)(va) : Any sum received from employees-Employees contribution-ESI-Provident Fund-Paid before due date of filing of return-Allowable as deduction. [S. 43B]

S. 32 : Depreciation-Good will-Slump sale-Business transfer agreement-Succession, amalgamation, demerger-Depreciation is allowable on good will.