S. 37(1) : Business expenditure-Entertainment expenses-Major expenses are through banking channel-Rebates and discounts-Revenue cannot decide what constitutes reasonable expenditure-Enterprise resource planning software expense-Capitalised in books of account-Allowable as revenue expenditure, though the claim was not made in the original or revised return-Advertisement expenses-Purchase of Ice boxes, plastic tables and chairs, bearing logo-Allowable as business expenditure. [R. 46A]

S. 37(1) : Business expenditure-Payments to contractors for packing, loading and unloading-Opportunity of cross examination is not given-Disallowance is deleted.[S. 153A]

S. 37(1) : Business expenditure-Software licence expenditure-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Capital expenditure of intangible nature accounted as capital work-in-progress-Matter remanded for verification. [S. 32]

S. 37(1) : Business expenditure-Capital or revenue–Share issue expenses-Transfer of funds from accumulated profit to share capital-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Funds raised by issue of debentures-Allowable as deduction.

S. 37(1) : Business expenditure-Interest on capital borrowed-Advances and loans to Associated enterprises-Advances Converted to equity in subsequent year not rendered quasi capital unless conversion made at time of grant of loan-Matter remanded to the CIT(A) [S.36(1)(iii), 92]

S. 37(1): Business expenditure-Capital or revenue-Expenditure-Disallowance on percentage basis-Disallowance on estimate basis is not proper.

S. 37(1): Business expenditure-Membership fees for club-Welfare of employees providing business benefits-Allowable as expenditure.

S. 37(1): Business expenditure-Community development-Operation of aluminium mines causing pollution in neighbourhood-Assistance with respect to drinking water, education, women and children welfare, etc., for villagers-Commercial exigency to ensure smooth running of factories-Allowable as deduction.