S. 36(1)(iii) : Interest on borrowed capital-Advancement of interest free funds available in share capital form-Assumption that interest bearing funds utilized for interest free loans-Interest payment not to be disallowed.

S. 35D : Amortisation of preliminary expenses-Expenses on initial public offer-Eligible deduction over five years.[S. 37(1)]

S. 35D : Amortisation of preliminary expenses-Amount paid to Registrar of companies-Third year of assessee-Deduction allowable.

S. 35 : Scientific research expenditure-Product development-Eligible deduction-Expenses pertaining to the assembly line-Revenue expenditure. [S. 35(1)(iv) 37(1)]

S. 35 : Scientific research expenditure-Allocation of expenses-Research and development expenses on future products-Allocation of expenses is not justified. [S.80IA, 80 IB, 80IC]

S. 35 : Scientific research expenditure-Weighted deduction-Approved in-house research and development facility-Restriction of allowance to expenses approved by Department of Scientific and Industrial Research (DSIR)-Not justified. [S. 35(2AB]

S. 35 : Scientific research expenditure-Withdrawal of approval granted to institution-Approval valid at the time of donation-Entitled to deduction.[S. 35(1)(ii)]

S. 32 : Depreciation-Accessories entitled to higher rate of depreciation at 60 Per Cent.

S. 32 : Depreciation-Personal use-No log book maintained-Disallowance of 20 percent for personal use is held to be proper. [S. 38(2)]

S. 32 : Depreciation-Cost of construction and Land-Special Economic Zone-Perpetual Sub-lease for 95 years renewable for further 95 years-Nominal yearly ground rental of Re. 1-Stamp duty rate of proportionate Land during period of acquisition 35 Per Cent-Depreciation is allowable on balance consideration.