S. 37(1) : Business expenditure-Consultancy charges paid to technical persons-Expenditure cannot be disallowed on estimate basis.

S. 37(1) : Business expenditure-Foreign Exchange loss-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Media business selling advertisement airtime on its Channel-Discount allowed-Allowable as revenue expenditure-Unpaid leave and encashment-Directed the Assessing Officer to verify actual payment. [S. 43B(f)]

S. 37(1) : Business expenditure-Manufacturer Of Automotive Switchgears-Expenditure on development of designs and tools-Capital expenditure.

S. 37(1) : Business expenditure-Periodic maintenance on road very five years-Matching concept-Provision for periodic maintenance-Allowable as revenue expenditure-Provision not includible in book profit. [S. 115J]

S. 37(1) : Business expenditure-Mining business-Stopped by order of Supreme Court-Guarantee payments for resuming mining activity-Expenditure on discharging social responsibility-Contributions to flood relief work-Legal fees to Federation of Mining Industries-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Capital or revenue-Lease hold land-Amount spent on construction-Allowable as revenue expenditure-Explanation to section 32(1). [S. 32]

S. 36(1)(v) : Contribution approved gratuity fund-Contribution of Employees Provident Fund and Employees’ State Insurance-Amendment in 2021 applicable in relation to assessment year 2021-22 and subsequent years-No disallowance can be made. [S. 43B]

S. 36(1)(iii) : Interest on borrowed capital-Loan advanced to subsidiary out of own funds-No disallowance can be made.

S. 35 : Scientific research expenditure-Weighted deduction-Not allowable in respect of expenditure incurred outside India-Expenditure of capital nature is eligible for deduction under section 35(1))iv). [S. 35(1)(iv), 35(2AB]