S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Rate of 18 percent-Bank charges at 15 percent-Disallowance is not justified. [S. 40A(2)(a)]

S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable Salaries to related parties-Assessing Officer failed to give fair market value to show excessiveness-Invocation fundamentally wrong-Payment allowable.

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess and secondary and higher education cess deductible.

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Net interest paid to bank-As per terms of the agreement-Withholding tax-Matter remanded for verification. [S. 37(1)]

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Deduction of tax at source is not in nature of Income-Tax-Interest paid upon late payment of deduction of tax at source cannot be disallowed. [S. 28, 37(1), 199, 201(1a)]

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess-Not allowable as deduction. [S. 37(1), Finance Act, 2011, 2(11)]

S. 40(a)(ic) : Amounts not deductible-Fringe benefit tax-Paid aboard-FBT paid in Australia is eligible for deduction. [S. 37(1)]

S. 40(a)(ib) : Amounts not deductible-Equalisation levy-Failure to deduct equalisation levy-Specified services-Chanalising the funds for advertisement-Websites-Disallowance not attracted.[Finance Act, 2016, S.165]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Management fees paid overseas, transfer pricing additions-Double taxation-Addition was deleted. [S. 92CA]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Subsequent amendment to law with retrospective effect requiring deduction of tax at source-Disallowance is not justified. [S. 195]