S. 36(1)(iii) : Interest on borrowed capital-Investment Company-Acquisition of shares-Interest directly attributable-Capitalised.

S. 35D : Amortisation of preliminary expenses-Fees for registering Company-One-Fifth of Expenditure-Expenses incurred before commencement of business eligible for deduction.

S. 32AC : Investment in new pant or machinery-Generation of power amounts to manufacture or production of goods-Eligible for allowance.

S. 32 : Depreciation-Additional depreciation-Business of mining iron ore and sale thereof-Entitled to additional depreciation-Putting new assets to use for less than 180 days in previous year-Allowed 50 Per Cent. of eligible additional depreciation-Amendment allowing carry-over to subsequent year applicable prospectively from 1-4-2016-Not entitled to 50 Per Cent. of additional depreciation brought forward from earlier assessment year. [S. 32(i)(iia)]

S. 32 : Depreciation-Intangible assets-Customer list and goodwill-Entitle for depreciation. [S. 32(1)(ii)]

S. 14A : Disallowance of expenditure-Exempt income-Own funds excess of investments-No disallowance can be made. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Interest has no nexus with investment in mutual funds and shares-Disallowance not attracted-Administrative expenses-Disallowance is attracted. [R. 8D, ITAT R. 34(5)]

S. 14A : Disallowance of expenditure-Exempt income-Satisfaction not recorded-Deletion of addition is held to be justified. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income. [R. 8D]

S. 4 : Charge of income-tax-Capital or revenue-Liquidated Damages for intangible assets-Liquidated damages received are capital receipts. [S. 28(iv)]