S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident –Royalty-Income deemed to accrue or arise in India-Payment towards availing of facilities subject to placements of advertisements-Not for license or right to use-Not Royalty-Not liable to deduction of tax at source. [S.9(1)(vi), 195, 201 (1).

S. 37(1) : Business expenditure-Provision for royalty-Matter remanded-Educational cess-Not allowable as deduction. [S. 40(a)(ia)]

S. 37(1) : Business expenditure-Money embezzled by director-CIT(A) accepted loss but denied deduction for want of details-AO to verify recovery and allow balance of loss.[S. 28(i)]

S .37(1) : Business expenditure-Prior period expense-Reversal of income offered when finalising accounts for later years-Prior period income no to be taxed again-Matter remanded to avoid duplicity of additions.[S. 145]

S. 37(1) : Business expenditure-Provision for scheme not contingent-Made on scientific basis-Own orders in earlier years-No contrary findings-Addition to be deleted.

S. 37(1) : Business expenditure-Interest on foreign currency loan-Loss on fluctuation of rates-Foreign exchange gains offered to tax-loss arising of the same to also be allowed.[S. 28(i)]

S. 37(1) : Business expenditure-Debit of cash discount prior to crystalising during year and not in prior or subsequent year-Deduction allowable. [S. 145]

S. 37(1) : Business expenditure-No documents in support of claim of quantum of expenses-Disallowance sustained.

S. 37(1) : Business expenditure-Travel expenses-No evidence to support claim-Expense not allowable.

S. 36(1)(vii) : Bad debt-Bad debt or part thereof-Sum received-Declared as income in subsequent year-Disallowance is not justified.[S. 36(2)]