S. 35: Scientific research expenditure-Weighted deduction-Recognition of facility different from approval-No Approval-Not entitled to exemption. [S. 35(2AB)]

S. 35 : Expenditure on scientific research-Weighted Deduction-Application for approval of In-House Research and development facility was filed before end of financial year-Held period mentioned in Form 3CM is not relevant-Approval would relate back to beginning of financial year in which the application is filed.[S. 35(2AB)]

S. 32 : Depreciation-Additional depreciation permissible on new plant or machinery or plant acquired or installed: [S. 32(1)(iia)]

S. 32 : Depreciation-Generation of power-Depreciation on windmill allowable-Own funds-No disallowance can be made.[S. 14A,R.8D].

S. 32 : Depreciation on property held for charitable purposes-Depreciation is to be allowed at the rate prescribed for ‘plant and machinery’. [S. 11]

S. 32 : Depreciation-Initial assessment year-If depreciation is allowed in the initial year, the claim cannot be disturbed in the subsequent years.

S. 32 : Depreciation-Income wrongly shown under the head income from other sources instead of business income-Matter remanded to the Assessing Officer. [S. 10(23C) (iii)(ad), 28(i), 56]

S. 32: Depreciation —Oil drilling rigs-Entitled to a higher rate of depreciation. [R. 5]

S. 28(va) : Business income-Cash or kind-Under an agreement-Non-compete fees-Capital or revenue-Non-compete fees received for the period prior to AY 20217-18 are to be treated as capital receipts and not to be charged under S. 28(va). [S.4]

S. 28(i) : Business loss-Survey-Client code modification-Information from Investigating agency-Loss in share trading-Misuse of client code modification to book losses to evade tax-Failure of the assessee to establish that he was not involved in Client Code Modification-Disallowance of loss is justified. [S.133A, 148]