S.37(1): Business expenditure-Additional levy of coal pursuant to Supreme court direction-Allowable as deduction. [S. 145]

S. 37(1) : Business expenditure-Travelling expenses-Ad-hoc disallowance is not justified.

S. 37(1) : Business expenditure-Mercantile system of accounting-leas rent paid pertaining to earlier year-Crystallised during financial year-Allowable as deduction.[S. 145]

S. 37(1) : Business expenditure-Foreign Travel expense-Expenses or payments not deductible-Excessive or unreasonable-Motor Car Expenditure to director-Restriction of disallowance to 10% is held to be justified.[S. 40A(2)]

S. 37(1) : Business expenditure-Capital or revenue-Payment for subscription services of software-No acquisition of software-Telephone and internet expenses-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Capital or Revenue-Non-compete fee-Amortised-Depreciation claimed-Capital expenditure. [S. 32]

S. 37(1) : Business expenditure-Restatement of foreign exchange loss-Assessing Officer directed to verify and allow.

S. 37(1) : Business expenditure-Provision for slow or non-moving and obsolete inventory-A separate provision in this regard, could not be allowed to the assessee-Liability not crystallised is not allowable as deduction. [S. 145]

S. 37(1) : Business expenditure-Capital or Revenue-Advertisement expenses not debited to Profit and loss account but accounted in balance-sheet as “Capital Work-In-Progress (Brand Building expenditure)”-Allowable as deduction. [S. 145]

S. 37(1) : Business expenditure-Employees’ Stock Option Scheme-Deducted tax at source in respect of share-based compensation under taxed in hands of employees as perquisite-Cross-charge expenses-Allowable as deduction-Assessing Officer was directed to verify whether amount subject to tax deduction at source-Matter Remanded. [S. 15, 17(1), 40(a)(i), 192, 195]