S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Bearer cheques-Payments to agent not substantiated-Failure to show reasonable cause-Disallowance is held to be proper.[R.6DD(k)]

S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Cash payments to transporters in excess of Rs. 20,000 in a single day to a person-Disallowance is justified.[R.6DD]

S.37(1): Business expenditure-Interconnect charges, employee cost, professional fees, call centre expenses-Allowable as revenue expenditure.

S.37(1): Business expenditure-Employee stock option scheme (ESOP)-Cross charge expenses would be eligible for deduction-Discount-Purchasing goods and selling them to retailers at low cost, profits foregone by assessee by offering discounts to retailers could not be held to be expenditure incurred in creating intangible assets or goodwill.

S.37(1): Business expenditure-Product development expenses-Capital or revenue-Finance lease-Depreciation-Matter remanded. [S. 32]

S.37(1): Business expenditure-Pharmaceutical company-Gifting freebies to dealers and stockiest-Disallowance is not justified-Cannot be disallowed as unexplained expenditure. [S.69C]

S. 36(1)(va): justified-Any sum received from employees-Employee’s contribution-Belated payment-Not entitle to deduction. [S.143(1)(a)]

S. 35 : Expenditure on scientific research-Shell companies-Reports of Investigation Wing-Exemption cannot be denied on the ground that donations made by assessee were further given to shell companies. 35(1)(iii), 35AC]

S. 24 : Income from house property-Deductions-Mall construction-Interest on loan-Optionally convertible debentures (OCDs) to repay outstanding Loan-Allowable as deduction. [S. 22, 24(b)]

S. 23 : Income from house property-Annual value-Joint ownership-Co-owner-Annual letting value at 8 per cent of cost of property-Revenue is justified in bringing to tax 50 per cent of income from house property in hands of assessee.[S. 22, 23(1)(a)]