S. 36(1)(vii) :Bad debt-Unit sold as slump sale-Past advances written off relating to sold unit-Not allowable as deduction.

S. 36(1)(iii) : Interest on borrowed capital-Real estate developer-Interest paid on overdraft-Closing stock and working progress-Disallowance was deleted-Loan to subsidiaries-Recovered the interest paid on overdraft-Deletion of interest is affirmed.

S. 36(1)(iii) :Interest on borrowed capital-Sufficient funds-Investment in shares-Disallowance is not justified-Matter remanded.

S. 36(1)(iii) : Interest on borrowed capital-Amount advanced to sister concern-Interest recovered-Disallowance of interest is not justified.

S. 36(1)(iii) : Interest on borrowed capital-Interest-free funds far in excess of loan advanced-Disallowance of interest not warranted.

S. 36(1)(iii): Interest on borrowed capital-Advancing borrowed money to sister concern for business purposes without charging interest-Interest expenses allowable as deduction. [S. 37(1)]

S. 36(1)(iii) : Interest on borrowed capital-Bad Debt-Advance for purchase of material for stock-in-trade-Amount written off-Allowable as deduction. [S. 28 (i)]

S. 36(1)(iii) : Interest on borrowed capital-Loans and Advances to subsidiaries without charging Interest-Failure to prove for Commercial expediency-Disallowance of interest justified. [S. 37(1)]

S. 36(1)(iii) : Interest on borrowed capital-Real income theory-Interest not accrued to assessee for two preceding year-Accepted by the Department-Disallowance of proportionate notional interest is not justified.[S. 145]