S. 32 : Depreciation–Business and commercial rights-Goodwill–Intangible Asset-Entitle for depreciation.

S. 32 : Depreciation–LED Panel–Rate of depreciation is allowable as applicable to computer. [Information technology Act, 2000, S. 2(1)]

S. 32 : Depreciation-POS TERMINALS are in the nature of computers – Entitle to depreciation at 60%. [S. 2(11), 2(13)]

S. 32 : Depreciation-No turnover during the year-Depreciation cannot be disallowed.

S. 32 : Depreciation-Car purchased in the name of director–Reflected in the balance sheet of the Company–Depreciation is allowable.

S. 32 : Depreciation-Income from house property–Properties continued to form block of assets–Depreciation is not allowable. [S. 2(11)]

S. 28(i) : Business loss-loss on account of shifting in securities–Fall in the value of investments allowable as a deduction irrespective of change in classification of investments to comply with RBI guidelines. [S. 37(1)]

S. 28(i) : Business loss-Purchase and sale of securities – loss arising from sale of securities–Allowable as business loss.

S. 28(i) : Business loss-Advance to subsidiary-Subsidiary has gone to liquidation-Loss is allowable as business loss. [S. 2(13), 37(1)]

S. 14A : Disallowance of expenditure-Exempt income-Not recording of satisfaction-No disallowance can be made. [R. 8D (2)(ii)]