S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Payments were made on bank holidays-Issue is restored back to file of Assessing Officer for examination afresh.

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Payment of advisory fee to a foreign company-Not fees for technical services-Not liable to deduct tax at source-DTAA-India-Singapore. [S. 9(1)(vii), 195, Art. 12]

S. 37(1) : Business expenditure-Finance lease rental-Providing remote infrastructure management, remote helpdesk, remote network monitoring services and other services for foreign customers-Allowable as business expenditure.

S.37(1): Business expenditure-Service tax payment-Corporate agency agreement-Allowable as deduction.

S.37(1): Business expenditure-Expenditure incurred on sale of commercial space-Payment was made by cheque-Order of CIT(A) deleting the addition is affirmed.

S.37(1): Business expenditure-Capital or revenue-Retainership fees to two foreign agents for marketing and business development-Allowable as revenue expenditure.

S.37(1): Business expenditure-Remuneration paid to partner-Maintenance of account-Allowable as deduction. [S. 153A]

S.37(1): Business expenditure-Fees for technical services to a foreign company for selection of suitable technical staff for project, review of contractual documents, etc-Allowable as business expenditure.

S.37(1): Business expenditure-License fee-Commercial exploitation of music albums-Deferred revenue expenditure to be amortized over six-year period and not as prior period expenses-Matter remanded.

S.37(1): Business expenditure-Broken period interest, i.e., interest accrued between last coupon date and date of purchase of government securities-Allowable as business expenditure.