S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Commission-Allowable as deduction.

S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Interest-Higher rate-Business urgency-allowable as deduction [S. 37(1), 40A(2)(b)]

S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Rent to partners-Business activities carried out from the said premises-Order of CIT(A) deleting the addition was affirmed. [S. 37(1), 40A(2)(b)]

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)]