S. 37(1) : Business expenditure-Mark-to-market loss on foreign exchange hedging-Allowable deduction.

S. 37(1): Business expenditure-Employees’ Stock Option Plan-Discount on issue of shares-Expenditure allowable.

S. 32: Depreciation-Goodwill arising on amalgamation-Allocation of purchase consideration to intangible assets based on valuation-Depreciation allowable-Unabsorbed depreciation-Amalgamation-Set-off of depreciation of earlier years-Allowable. [S. 32(2), 43(1), Expln 7]

S. 28(i) : Business loss-Business expenditure-Irrecoverable advances written off-Claim allowable as business loss.[S. 37(1)]

S.14A: Disallowance of expenditure-Exempt income-Recording of dissatisfaction mandatory before invoking rule 8D-Addition deleted. [R. 8D]

S.14A: Disallowance of expenditure-Exempt income-Only investments yielding exempt income to be considered-Amendment by Finance Act, 2022 prospective. [R. 8D]

S. 14A: Disallowance of expenditure-Exempt income-Own funds exceeding investments-No disallowance of interest warranted. [R. 8D]

S. 14A: Disallowance-Recording of satisfaction mandatory-Rule 8D cannot be invoked without examining accounts. [S 10(35), 115JB, R. 8D]

S. 12AB: Procedure for fresh registration-Charitable trust-Final registration-Rejection on technical ground not justified.
[S. 11, 12, 12A(1)(ac)(vi)]

S. 4: Charge of income-tax-Income-Time-share membership fees-Consistent method of recognising income over membership period-Entire receipts not taxable in year of receipt.[S. 145]