S. 40(a)(ia) : Amounts not deductible-Deduction at source-Commission or brokerage, etc.-Service charges-Not liable to deduct tax at source. [S. 194H]

S. 37(1) : Business expenditure-Commission-Directors or relatives-None of them was shown to have any expertise in procuring Iron Ore Fines (IOF) from Indian markets-Disallowing is justified.

S. 37(1) : Business expenditure-Transportation charges-Reimbursement of expenses-Disallowance is not justified.

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.