S. 37(1) : Business expenditure-Method of accounting-Award-Interest payable-Award stayed-Not contingent-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 145]

S. 37(1) : Business expenditure-Sales commission-Order of High Court is affirmed-SLP of Revenue is dismissed.

S. 37(1) : Business expenditure-Amount paid to retiring partner as per the provision in partnership deed-Diversion of income at source by overriding title-Allowable as deduction-Availed 2020-SLP of Revenue is dismissed as infructuous.[S. 4, Art. 136]

S. 32 : Depreciation-Goodwill created as a result of Amalgamation-Intangible asset-Order of Tribunal allowing the depreciation is affirmed. [S.47, 49(1)(e), 55(2)]

S. 32 : Depreciation-Brand name-Intangible assets-Commercial rights-Depreciation is allowable. [S.32 (1)(ii)]

S. 14A : Disallowance of expenditure-Exempt income-Mixed funds-Rule 8 would be attracted automatically is not correct-Disallowance cannot exceed exempt income.[R.8D]

S. 14A : Disallowance of expenditure-Exempt income-Not recording of satisfaction-Not examined the shared accounts-Order of Tribunal deleting the addition is affirmed.[R.8D, 260A]

S. 12AA : Procedure for registration-Trust or institution-Preservation of environment-Control of Irrigation Department of State Government-Registration was allowed-Order of High Court affirmed.[S. 2(15)]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Fess for technical services-Computer software-Non-resident computer software manufacturers/suppliers-, Consideration for resale/use of computer software through EULAs/distribution agreement-Not payment of royalty for use of copyright in computer software-Not taxable in India-DTAA-India-Netherland-Appeal of Revenue is dismissed. [S. 9(1)(vii), 260A, Art. 12]

S. 153A : Assessment – Search – Non -abated assessment – No incriminating material is found – Order of High Court is affirmed – SLP of Revenue is dismissed . [ S. 132 , Art. 136 ]