S. 37(1) : Business expenditure-Amount paid to Life Insurance Corporation of India by a company-Group gratuity scheme-Not approved by Commissioner-Allowable as deduction.

S. 37(1) : Business expenditure-Club expenses-Deduction could not be disallowed on mere disclosure of these expenditure in clause 21(a) of tax audit report-Matter remanded.

S. 37(1) : Business expenditure-Sales promotion expenses-Self made vouchers-Payments made to Tamil Nadu State Marketing Corporation (TASMAC) is not allowable since it was a public sector undertaking of State of Tamil Nadu-Not allowable as deduction. [S. 40A(3)]

S. 37(1) : Business expenditure-Setting up of business-Setting up studio on commercial property-Leave and License Agreement with Indiabulls Properties Pvt. Ltd. on 5-6-2009-Disallowance of expenditure is affirmed.

S. 37(1) : Business expenditure-Corporate social responsibility (CSR)-Set off against liability towards CSR of current year-Matter remanded to Assessing Officer for verification. [Companies Act, S. 135]

S. 37(1) : Business expenditure-Capital or revenue-Hotelier-Repairs-renovation and redecoration of rooms-Revenue expenditure.

S. 37(1) : Business expenditure-Travelling expenses-1/5 of disallowance is held to be justified.

S. 36(1)(iii) : Interest on borrowed capital-Interest free advances directors-capital reserve was more than the amount advanced and profit-Disallowance is not justified.

S. 32 : Depreciation-Intimation-Not claimed in the return by mistake-Rectification-As per Explanation 5 to section 32, even if depreciation was not claimed in return of income depreciation is allowable. [S. 139. 143(1), 154]

S. 32 : Depreciation-Additional depreciation-Windmill-Generation of electricity-Eligible to claim additional depreciation. [S. 32(1)(iia)]