S. 37(1) : Business expenditure-Research and development-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Claim not made in original return-Prior period expenses-Allowable as deduction-Issue not to be remitted back to the Assessing Officer. [S. 43B, 254(1), R. 46A(3)]

S. 36(1)(vii) : Bad debt-Writing off of irrecoverable loan in books of account sufficient to claim deduction for bad debts-Money lending licence is not required to be in money lending business to claim said deduction-Matter remanded to Appellate Tribunal. [S. 37(1)]

S. 14A : Disallowance of expenditure-Exempt income-Non-recording of satisfaction-Disallowance is held to be unjustified. [R. 8D]

S. 12A : Registration-Trust or institution-Delay in filing Form No 10B-Denial of exemption is held to be not justified. [S. 119, Art. 226]

S. 12A : Registration-Trust or institution-Development and maintenance of ports-General public utility-Entitle to registration. [S. 2(15)]

S. 10A : Free trade zone-Set off of losses-Other income-Order of Tribunal is affirmed.

S. 10A : Free trade zone-Telecommunication and travelling expenses-Foreign currency-Reduced from export turnover were to be reduced from total turnover.

S. 10(23C) : Educational institution-State examination Board-Charging fees-Denial of exemption is not valid-Matter remanded. [S. 12AA]

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Gross amounts paid/payable by applicant to a US Company under Distribution Agreement was in nature of Fees for Technical Services-Application admitted-DTAA-India-USA. [S. 245R(2), Art. 12]