S. 37(1) : Business expenditure-Statutory contribution-Settlement Guarantee Fund (Core SGF)-Allowable as deduction-Lease premium-Remanded to the Assessing Officer-Maintenance charges from tenants-Matter remanded to the file of CIT(A).

S. 37(1) : Business expenditure-Discount on issue of ESOPs i.e., difference between grant price and market price of shares as on date of grant of options is allowable as a deduction.

S. 36(1)(iii) : Interest on borrowed capital-Sick company-Loan-Advance given for the purpose of business-Disallowance of interest is deleted.

S. 32 : Depreciation-Windmill-Obtained clearance and generated some income on sale of wind power-Entitle to depreciation.[ S. 32(1)(ii)]

S. 32 : Depreciation-Actual cost-Capitalisation of forex loss-CIT(A) is directed to decide the issue of capitalisation of forex loss-Reassessment is up held.[ S. 43A, 147, 148]

S. 14A : Disallowance of expenditure-Exempt income-Suo-motu disallowance-Deletion of addition by CIT(A) is affirmed. [ R.8D]

S. 14A : Disallowance of expenditure-Exempt income-Justified in computing disallowance under section 14A at 0.5 per cent of average value of investment.[ R.8D]

S. 14A : Disallowance of expenditure-Exempt income-Suo-moto disallowance-Matter remanded to the file of the Assessing Officer.[ R.8D]

S. 12A : Registration-Trust or institution-Refusal of registration on incorrect facts-Matter is remanded to the CIT(E) with the direction to decide a fresh.[ S. 11, 12AA]

S. 11 : Property held for charitable purposes-Delay of 852 days in filing the appeal is condoned-Late filing of Form No 10B-CIT(A has no power to condone the delay-Tribunal condoned the delay and directed the Assessing Officer to verify the Form No 10B in accordance with provisions of the Act-Circular No 2 of 2020 dt. 3-1-2020. [ S.11, 12, 143(1), 249(3), Form No 10B]