S. 36(1)(iii) : Interest on borrowed capital-Premium paid maturity of foreign currency convertible bonds-Not debited to profit and loss account-Disallowance is not valid. [S. 145, Companies Act, 1956]

S. 36(1)(iii) : Interest on borrowed capital-Partner-Interest paid on debit balance/ excess withdrawal-Withdrawn for payment of income tax-Allowable as deduction. [S.153A]

S. 36(1)(iii) : Interest on borrowed capital-Invested as share application money in another group company-Interest on bank loan not allowable as business expenditure. [S. 37(1)]

S. 36(1)(iii) : Interest on borrowed capital-Loans utilised for the purpose of business-Rule of consistency followed-Deletion of interest is affirmed.

S. 36(1)(iii) : Interest on borrowed capital-Investment in quoted and unquoted shares-Own funds more than investments-Matter remanded for verification.

S. 36(1)(iii) : Interest on borrowed capital-Advancement of interest free funds available in share capital form-Assumption that interest bearing funds utilized for interest free loans-Interest payment not to be disallowed.

S. 35D : Amortisation of preliminary expenses-Expenses on initial public offer-Eligible deduction over five years.[S. 37(1)]

S. 35D : Amortisation of preliminary expenses-Amount paid to Registrar of companies-Third year of assessee-Deduction allowable.

S. 35 : Scientific research expenditure-Product development-Eligible deduction-Expenses pertaining to the assembly line-Revenue expenditure. [S. 35(1)(iv) 37(1)]

S. 35 : Scientific research expenditure-Allocation of expenses-Research and development expenses on future products-Allocation of expenses is not justified. [S.80IA, 80 IB, 80IC]