S. 54G : Capital gains-Shifting of industrial undertaking from urban area-Sale of an industrial plot in Bengaluru-Urban area-Entitle for the benefit.[S. 45 280Y(d)]

S. 43D : Public financial institutions-Amendment by the Finance Act, 2017-Interest on sticky loans-Taxable on receipt basis and not on accrual basis. [S. 145]

S. 40(b)(v) : Amounts not deductible-Partner-Remuneration-Not stipulation in partnership deed-Not allowable as deduction. [S. 260A]

S. 40(a)(iib) : Amounts not deductible-Surcharge on sales tax or turnover tax paid by assessee-company to State Government was not a ‘fee or charge’-Review petition was dismissed. [S. 37(1)]

S. 37(1) : Business expenditure-Business development-Cash expenses-Genuineness of vouchers was not in dispute-Assessing Officer could not sit in arm chair of a businessman and decide what expenditure was expedient-Assessee was entitled for deduction.

S. 37(1) : Business expenditure-Provision-Warranty-Based on past experience-Allowable as a deduction. [S. 145]

S. 37(1) : Business expenditure-Derivative loss-Business loss-Mark-to-market basis-account Foreign exchange fluctuation-Mercantile basis-Allowable as deduction. [S. 28(i), 145]

S. 37(1) : Business expenditure-Education cess-Not allowable as deduction-As per Explanation 3 to the provision of section 40(a)(ii) inserted by Finance Act, 2022 with effect from 1-4-2005 surcharge or cess forms a part of ‘tax’ [S. 40(a)(ii)]

S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts-Schedule bank-Deduction to be computed at rate of 7.5 per cent of total income-After setting off of brought forward losses. [S. 36(vii), 72]

S. 32 : Depreciation-Software-Period of use was less than 180 days-Entitle only 30 percent depreciation.