S. 40(a)(ia): Amounts not deductible – Deduction at source – Short deduction of tax at source – No disallowance can be made .[ S.194C ]

S. 37(1): Business expenditure – Revised return — Claim of assessee acceptable with regard to expenditure involved as allowable expenditure — Disallowance is held to be not valid . [ S.139(1) ]

S.37(1): Business expenditure — Contribution to State Cricket Association to create cricket academy —Getting first right to recruit players from academy to play for assessee — Allowable as business expenditure .

S.37(1): Business expenditure — Local area expenses and pooja expenses in temples outside factory — Onus on assessee to prove nexus with business – Provision for profit incentive payable to employees -Matter remanded to the Assessing Officer .

S.37(1): Business expenditure -Driver’s salary and fuel and lubricant expenses —Disallowance of fifty Per Cent is restricted to twenty Per Cent. — Conference expenses — Flight booking expenses —Deductible.

S.37(1): Business expenditure — Land levelling charges — Held to be allowable expenditure

S. 36(1)(vii) :Bad debt -Mere write off in the books of account is sufficient compliance – Not required to justify the irrecoverability of the amount from the debtors.

S. 36(1)(vii) :Bad debt – Write off in books of account – Real estate business transaction – Entitle to deduction -Land levelling charges- Allowable as deduction .

S. 35D : Amortisation of preliminary expenses – Capital raised for investment in capital equipment, working capital requirement, general corporate purposes – Expenses for extension of undertaking — Allowable. [ S. 35D(2)(c)(iv)]

S. 32 : Depreciation – Customer relationship rights —Non-compete fees akin to any other business or commercial rights — Depreciation allowable- Cannot take benefit of new claim in reassessment proceedings . [S. 32(1)(ii), 147 ]