S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Liability is converted into loan and repaid-Deletion of addition is justified.

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Credit card processing fees-Not commission-Not liable to deduct tax at source.[S. 194H]

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Real employer of seconded employees was Indian entity-Disallowance is not justified.[S. 192, 195]

S. 37(1) : Business expenditure-Capital or revenue-Software company-Expenditure on developing new product-New product abandoned as not feasible-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Licence fee-Allowable as deduction.

S. 37(1) : Business expenditure-Capital or revenue-Construction and handing over of transmission lines sub-station-Revenue expenditure.

S. 32 : Depreciation-User of asset-Pollution control devices-Order of Tribunal is affirmed.

S. 32 : Depreciation-Intangible asset-Leasehold right-Depreciation is allowable.

S. 28(i) : Business loss-Future and options-Not claimed in the original return-Retraction in the original assessment proceedings-Tribunal affirmed the order of the CIT(A), allowing the claim.[S. 139(5), 154, 260A]

S. 14A : Disallowance of expenditure-Exempt income-Not recording satisfaction-Order of Tribunal deleting the addition is affirmed. [R. 8D]