S. 37(1): Business expenditure-Capital or revenue-Depreciation-Computer software-Ticketing system for Airlines-Enduring nature-Capital expenditure-Entitled to depreciation at 60 Per Cent. [S. 32]

S.37(1): Business expenditure-Failure to deduct tax at source–Royalty-Matter remanded-DTAA-India-Netherlands-Cash credits-Share capital matter remanded-Office repairs and maintenance-Matter remanded-Disallowance of expenditure in relation to exempt income-Income from dividend-Matter remanded to verify assessee’s claim of income being exempt.[S.14A, 40(a)(i),68, 195]

S.37(1): Business expenditure-Interest paid on delayed remittance of tax-Not allowable as deduction.

S. 37(1): Business expenditure-Capital or revenue-Depreciation-Computer software-Ticketing system for Airlines-Enduring nature-Capital expenditure-Entitled to depreciation at 60 Per Cent. [S. 32]

S.37(1): Business expenditure-Failure to deduct tax at source–Royalty-Matter remanded-DTAA-India-Netherlands-Cash credits-Share capital matter remanded-Office repairs and maintenance-Matter remanded-Disallowance of expenditure in relation to exempt income-Income from dividend-Matter remanded to verify assessee’s claim of income being exempt.[S.14A, 40(a)(i),68, 195]

S.37(1): Business expenditure-Interest paid on delayed remittance of tax-Not allowable as deduction.

S.37(1): Business expenditure-Wages is allowed in the year of final settlement and on actual payment only.[S. 145]

S. 37(1) : Business expenditure-Project abandoned-Joint venture project-Expenditure incurred relating to a joint venture project later abandoned is allowable in so far as the expenditure is incurred by the Assessee itself and not the joint venture entity.

S.37(1): Business expenditure-Administrative expenses-No business activity-Insurance premium-Allowable as deduction.

S. 36(1)(xii) :Corporation or body corporate-Central or State or Provisional Act-Business expenditure–Absence of notification in the relevant year-Not allowable as deduction. [S.37(1)]