S. 37(1) : Business expenditure-Revised return-Revised computation claiming further loss during scrutiny assessment-Direction to consider the claim on merits is held to be justified. [S. 139(5), 254(1)]

S. 37(1) : Business expenditure-Road development-Public Road-Road belonged to Zila Parishad-Allowable as revenue expenditure. [S. 35E]

S. 32 : Depreciation-Bottles and crates-Business of manufacturing and sales of soft drinks-Plant-Bottles and crates used for bottling soft drinks manufactured would be included in definition of plant-Eligible for 100 per cent depreciation. [S. 32(1)(i), 43(3)]

S. 32 : Depreciation-Additional Depreciation-All component/parts of a plant acquired prior to 31-3-2005-Fitted to plant thereafter-Eligible additional depreciation. [S. 32(1)(iia)]

S. 32 : Depreciation-Securities-Stock in trade-Depreciation on account of fall in value of securities allowable.

S. 32 : Depreciation-Intangible asset-Geographical report-Entitled to depreciation. [S. 35E]

S. 32 : Depreciation-Lease of assets-Depreciation is allowable.

S. 28(i) : Business loss-Advance of money-Irrecoverable amount-Capital loss not allowable as business loss. [S. 36(1)(iii), 37(1)]

S. 14A : Disallowance of expenditure-Exempt income-Bank-Shares held as stock in trade-No disallowance of expenditure could be made. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-No expenditure was incurred in earning dividend income-Disallowance cannot be made. [R. 8D]