S. 37(1) : Business expenditure-New hospital same line of business-Common management-Allowable as revenue expenditure. Exempt income-Matter remanded for verifying the expenditure-Consultancy receipts from new hospital unit-Depreciation is allowable. [S. 14A, 32, R.8D]

S. 37(1) : Business expenditure-Sugarcane, purchase-Difference between statutory minimum price and statutory additional price fixed for sugarcane-Component of profit which would be a part of final determination of additional purchase price fixed under clause 5A of sugarcane (Control) Order, 1966-Remaining amount was to be allowed as business expenditure-Matter remanded. [Sugarcane (Control) Order, 1966, Clause 5A]

S. 37(1) : Business expenditure-Builder-Loan processing charges on behalf of buyers-Allowable as deduction.

S. 37(1) : Business expenditure-Renovation and repairs-Licence agreement-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Interest and processing charges-Letting of properties assessed as business income-Allowable as deduction. [S. 28(i)]

S. 37(1) : Business expenditure-Mark-to-market loss on swap contract-loans were converted into foreign currency loan to take benefit of low interest rate-Order of CIT(A) is affirmed. [S. 28(i)]

S. 37(1) : Business expenditure-Interest payment on delayed deposit of Income-tax-Not an allowable expenditure.

S. 37(1) : Business expenditure- Payment to sub contractor-Bad debt-Government contracts-Matter remanded.[S.36(1)(vii), 36(2)]

S. 36(1)(va) : Any sum received from employees-Employee’s contribution-Belated payment-Not entitle to deduction. [S.143(1)(a), 254((2)]

S. 36(1)(va) : Any sum received from employees-Employee’s contribution-Belated payment-Entitle to deduction. [S.2(24)(x), 43B, 143(1)(a)]