S. 36(1)(iii) :Interest on borrowed capital-Trade receivable-Borrowed fund is used for the purpose of business-Notional interest cannot be charged.

S. 36(1)(iii) :Interest on borrowed capital-Interest paid on cash credit account-Investments in immovable properties and shares of other companies-Business purpose-Disallowance is deleted.

S. 36(1)(iii) :Interest on borrowed capital-Advances and loans to associated enterprises-Deletion of disallowance is affirmed.

S. 36(1)(iii) :Interest on borrowed capital-Capital expenditure on plant and machinery, electrical installation and other fixed assets-Accounted as capital work-in-progress-Disallowance of interest is not warranted.

S. 36(1)(iii) :Interest on borrowed capital-Interest paid on cash credit account-Investments in immovable properties and shares of other companies-Business expenditure.[S. 37(1)]

S. 36(1)(iii) :Interest on borrowed capital-Interest free funds-Capital withdrawn-Addition is deleted.

S. 36(1)(ii) : Bonus or commission-Commission paid to director-Services rendered-Allowable as business expenditure.

S. 35 : Expenditure on scientific research-Weighted deduction-Allowable as deduction. [S.35(2AB]

S. 35 : Expenditure on scientific research-Weighted deduction-Deduction allowed to extent certified by Department of Scientific and Industrial Research-Matter remanded for verification.[S. 35(2AB)]

S. 35 : Expenditure on scientific research-Capital expenditure allowable as deduction-Disallowance of balance amount is affirmed as per order of CIT(A). [S. 35(2AB]