S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-payment for purchase of software without deducting TDS-Not affected by subsequent court ruling-No disallowance can be made for failure to deduct tax at source. [S. 9(1)(vi), 194I, 195]
S. 37(1) : Business expenditure-Reimbursement expenses with 15 per cent mark up-Allowable as revenue expenditure.
S. 37(1) : Business expenditure-Repairs-Replacement of part of machinery-Allowable as revenue expenditure.
S. 37(1) : Business expenditure-CSR-Allowable as business expenditure-Penalty- Composition fee paid for regularising deviation in building structure was allowable as revenue expenditure-Capital or revenue-Repairs and maintenance of plant and machinery-Allowable as revenue expenditure-Acquisition of chairs-Capital expenditure-Advertisement expenses-Signage for display of name of Company at dealer’s premises-Expenditure to extent shared is allowable as revenue expenditure-Sales tools/fixtures-Allowable as revenue expenditure-Lumpsum royalty-Additional ground-Capitalised in books-Claimed in return-Allowable as revenue expenditure. [S. 32]
S. 37(1) : Business expenditure-Delayed payment of sales tax-non collection of Form No C from buyers-Not in nature of penalty, allowable as deduction.
S. 37(1) : Business Expenditure-Sales promotion and diwali expenses are held to be allowable as business expenditure.
S. 37(1) : Business expenditure-Corporate social responsibility expenditure, change of law-Expenses prior to amendment prohibiting deduction not to be disallowed. (Expln. 2)
S. 37(1) : Business expenditure-Staff welfare expenses, staff recruitment expenses, expenses pertaining to employees meals on duties, medical expenses, medical insurance, uniform expenses are incidental to carrying on business-Expenditure wholly and exclusively for purpose of business is allowable.
S. 37(1) : Business expenditure-Advertisement-details furnished in respect of two out of three units-Disallowance restricted to 2 per cent. of estimate.
S. 37(1) : Business expenditure-Advances given to subsidiary-Advance made as a measure of commercial expediency-Interest is allowable.