S. 37(1) : Business expenditure-Provision for future expenses based on turnover-Provision is not contingent-Allowable as deduction. [S. 145]

S. 37(1) : Business expenditure-Capital or revenue-Security deposit for lease premises-Foregone in dispute with lessor-Capital expenditure-SLP dismissed.[Art. 136].

S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts-Schedule bank-Advances written off-Allowable as deduction-Limited purpose the matter is remanded to the Assessing Officer. [S. 36(1)(v), S.36(1)(vii), 36(2)]

S. 36(1)(iii) : Interest on borrowed capital-Tribunal deciding on the basis of Judgement of High Court-High Court judgement is overruled by Supreme Court-Directed to recompute the disallowance in line with Supreme Court judgement.[S. 260A]

S. 28(i) : Business loss-Bad debts-Commercial expediency-Expenditures incurred by subsidiary till its winding up-Amount disallowed as bad debt can be claimed as business loss. [S. 36(1)(vii), 36(2), 37(1)]

S. 12A : Registration-Trust or institution-Registration is granted based on facts-Order of Tribunal is affirmed. [S. 12AA, 13(1) (c), 260A]

S. 11 : Property held for charitable purposes-Activities of Commercial nature-Exclusive rights relating to GSI coding in India-Receipts from trade and business significantly high-Not entitle to exemption. [S. 2(15), 12]

S. 11 : Property held for charitable purposes-Warehousing agricultural produce and connected activities-Activities incidental to main objects-Entitle to exemption.[S.2(15) 12, 12AA]

S. 10(46) : Body or Authority-Specified income-Industrial Development Authority constituted by Government for public benefit-Directions issued to concerned authority to pass speaking order. [Art. 226]

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Royalty-Computer software-Maintenance and support services-Not payment of royalty for use of copyright in computer software-Not taxable in India-SLP of Revenue dismissed-DTAA-India-Singapore. [S. 9(1)(i), 9(1)(vi), 195, Art. 12]