S. 37(1) : Business expenditure-Subscription of lease line on one-time payment for three years-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Interest paid on delayed payment of TDS-Compensatory in nature-Allowable as deduction. [S. 201(IA)]

S. 37(1) : Business expenditure-Foreign exchange difference-As on the date of the balance sheet-Allowable as a deduction-Provision for the stock-Ad-hoc basis-Contingent-Not allowable as a deduction-System of accounting-Followed continuously-Presumed to be correct. [S. 145]

S. 37(1) : Business expenditure-Setting up of business-Business expenditure claimed towards employees cost, depreciation etc. allowable as a deduction.

S. 36(1)(vii) : Bad debt-Amounts are written off-AO cannot disallow bad debts on the ground that the sum was prematurely written off. [S. 36(2)(i)]

S. 35AD : Deduction in respect of expenditure on specified business-Hotels-Approval was delayed-The matter was to be remanded back to Assessing Officer with the direction that if the delay was established, the assessee was to be allowed deduction.

S. 32 : Depreciation-Windmills-Second owner-purchased used windmill which was installed before 31-3-2012-Not dismantled-Appendix-I of rule 5-Entitle for depreciation at the rate of 80 per cent.

S. 32 : Depreciation-Purchase of ERP SAP software-Entitle to depreciation at 60 per cent.

S. 32 : Depreciation-Non-compete fee-Intangible asset-Depreciation not allowable-Capital expenditure. [S. 32(1)(ii)]

S. 28(i) : Business loss-Stocks written off-Claim made under sundry balance written off-Allowable as business loss. [S. 37(1)]