S. 37(1) : Business expenditure -Godown rent, travelling expenses was held to be allowable as deduction.

S. 37(1) : Business expenditure -Reversal of excess income booked earlier year was held to be allowable as deduction .

S. 37(1) : Business expenditure -Donation to trust was held to be allowable as deduction.

S. 37(1) : Business expenditure -Club expenses of employees was held to be allowable as business expenditure .

S. 37(1): Business expenditure – When income is assessed as from profits of business, then expenses incurred by assessee for purpose of earning such income is allowable.

S. 37(1): Business expenditure –Goods destroyed by order of Court order in terms of provisions of prevention of Food Adulteration Act cannot be allowable as business expenditure in view of Explanation to S. 37(1) [ Prevention of Food Adulteration Act , 1954 ]

S. 37(1) : Business expenditure -Freight expenses cannot be disallowed on the ground that no subsidiary ledger was maintained .

S. 37(1) : Business expenditure – Interest for delay in making payment of Service tax and Tax deducted at source being compensatory in nature and not penalty in nature was held to be allowable deduction.

S. 37(1): Business expenditure —Subscriptions in the nature of annual membership was held to be allowable .

S. 37(1):Business expenditure — Capital or revenue -Development expenditure — Depreciation was held to be allowable at 10% and balance was held to be disallowable [ S. 32 ]