Assessee company, engaged in business of manufacturing and sale of on road automobiles, agricultural tractor, implements, etc., made provision towards pending labour demand regarding incremental wages. Tribunal held that  provision for wages is held to be allowable as deduction.     Tribunal held that  Prorate premium payable on redemption of foreign currency convertible Bonds allowable as deduction.   Tribunal held that  the said expenditure is allowable as revenue expenditure. Tribunal held that   discount given on issue of employee stock ownership plan allowable as business expenditure. Tribunal held taht amount paid to an educational institution where children of assessee’s employees were taking education,  held to be allowable as revenue expenditure. Tribunal held that  the provision for warranty  is held to be allowable deduction. Tribunal held that  discount on issue of employee stock ownership plan held to be allowable.  Tribunal held that amount which was in relation to acquisition which did not materialize was to be allowed as revenue expenditure.  Tribunal held that  Assessee company incurred expenditure related to development of three wheeler vehicles, however, project did not materialize, since no such new asset was created for deriving benefit of enduring nature from such expenditure, same was to be allowed as revenue expenditure.  (AY. 2005-06)