S. 36(1)(vii) :Bad debt-Income pertaining to bad debts written off offered to tax in earlier years-Order of CIT(A) remanding the matter to AO is affirmed.

S. 36(1)(va) : Any sum received from employees-Deduction only on actual payment-Contribution to provident fund and Employees’ State Insurance-Payment made beyond due date-Not deductible. [S.2(24(x) 43B]

S. 36(1)(iii) :Interest on borrowed capital-Interest paid to related parties higher than interest paid to banks-Disallowance is deleted. [S. 37(1)]

S. 36(1)(iii) :Interest on borrowed capital-Loans given to related parties interest-free-Having sufficient funds to meet investment-Disallowance is deleted.[S.37(1)]

S. 32 : Depreciation-Machine put to use before March 31-Depreciation is allowable.

S. 32 : Depreciation-Windmill-Expenditure incurred on preparation of land for installation of windmill-Matter remanded

S. 31 : Repairs-Current repairs-Manufacture Of Fertilisers and chemicals-Expenditure on pipelines and fuel burner-Parts of plant and machinery-Parts incapable of independent use-Replacement of parts of machine is current repairs-Expenses allowable as revenue expenditure.[S.37(1)]

S.14A : Disallowance of expenditure-Exempt income-No dividend income earned from investments-No disallowance can be made-The amendment by the Finance Act, 2022 is prospective in nature. [R.8D]

S.14A : Disallowance of expenditure-Exempt income-Administrative expenses-Investment made from assessee’s own Funds-Matter remanded.[S.115J, R.8D]

S. 11 : Property held for charitable purposes-Covid-19-Delay in filing return and Form No 10B-Supreme Court extending the period of limitation-Entitle to exemption. [S.12AA, Form No 10B]