S.37(1): Business expenditure-Trade samples-Assessing Officer to allow relief in event same income gets doubly taxed-Sales return-Not allowable-Expenditure incurred with reference to refurbishment of retail showroom-Allowable as revenue expenditure

S. 37(1) : Business expenditure-Interest on deposits-Allowable as deduction. [Electricity Act, 2003, S.47(4)]

S. 36(1)(vii) : Bad debt-Advance to purchase of property-Mere write-off of advances for purchase of property is not allowable as bad debt. [S. 36(2)]

S. 35 : Expenditure on scientific research-Weighted deduction — Certificate produced before CIT(A)-Balance amount allowed as revenue expenditure.[S. 35(2AB)((6)(d) 37(1)]

S. 32 : Depreciation — Vehicle registered as City bus-Commercial Vehicle-Eligible depreciation at higher rate.

S. 28(iv) : Business income-Value of any benefit or perquisites-Converted in to money or not-Receipt of equipment from client for testing purpose —Assessee cannot prove negative fact-Addition is not sustainable.

S. 28(i) : Business income — Transfer of business-Derecognition of income pertaining to consumer’s portion overachievement of minimum target of efficiency gain — Not income.[S. 4]

S.14A : Disallowance of expenditure-Exempt income-Investments not yielding exempt income to be excluded in computing disallowance — Disallowance to be restricted to exempt income earned.[R.8D]

S. 11 : Property held for charitable purposes-Depreciation —No double deduction claimed-Disallowance of depreciation is to be reversed.[S.11(6), 12A]

S. 11 : Property held for charitable purposes-Depreciation — No capital expenditure claimed in earlier years — Depreciation is allowable. [S. 2(15), 11(1)(a), 32]