S. 36(1)(iii) :Interest on borrowed capital-Capital expenditure on plant and machinery, electrical installation and other fixed assets-Accounted as capital work-in-progress-Disallowance of interest is not warranted.

S. 36(1)(iii) :Interest on borrowed capital-Interest paid on cash credit account-Investments in immovable properties and shares of other companies-Business expenditure.[S. 37(1)]

S. 36(1)(iii) :Interest on borrowed capital-Interest free funds-Capital withdrawn-Addition is deleted.

S. 36(1)(ii) : Bonus or commission-Commission paid to director-Services rendered-Allowable as business expenditure.

S. 35 : Expenditure on scientific research-Weighted deduction-Allowable as deduction. [S.35(2AB]

S. 35 : Expenditure on scientific research-Weighted deduction-Deduction allowed to extent certified by Department of Scientific and Industrial Research-Matter remanded for verification.[S. 35(2AB)]

S. 35 : Expenditure on scientific research-Capital expenditure allowable as deduction-Disallowance of balance amount is affirmed as per order of CIT(A). [S. 35(2AB]

S. 32 : Depreciation-Plant and machinery-Depreciation is allowable.

S. 32 : Depreciation-Trial runs-Aircraft put to use in subsequent year for training purposes-Depreciation and maintenance is allowable. [S. 37(1)]

S. 31 : Repairs-Capital or revenue-Expenditure for spare parts-Allowable as revenue expenditure.