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 ]

S. 37(1): Business expenditure — Advertising company — Purchase of Angles and channels was held to be allowable as deduction .

S. 37(1): Business expenditure — Commission crystallised relevant year , therefore allowable as deduction

S.37(1): Business expenditure — Contribution to staff welfare fund was held to be allowable expenditure.

S.37(1): Business expenditure -Discount on shares allotted by assessee to its employees under ESOP scheme out of its share capital is an allowable deduction .

S.37(1): Business expenditure -Premium paid for Keyman Insurance was allowable in year in which premium was paid.

S.37(1): Business expenditure – Capital or revenue- Annual lease premium paid for acquiring mining rights on a land was capital expenditure.

S. 37(1): Business expenditure –Commission agents – Confirmation and tax was deducted at source- Disallowance on the basis of presumption was held to be not valid

S.37(1): Business expenditure — Capital or revenue-— Expenditure on issue of debentures was held to be allowable as revenue expenditure irrespective of nature of debenture.

S. 37(1):Business expenditure —Accrual- Enhancement of Licence fee payable to Railways in the year in which payment was issued .