S. 37(1) : Business expenditure-Pre-paid expenses or advance payments-Entitled to claim expenses in year in which incurred.

S. 37(1) : Business expenditure-Loss on foreign exchange forward contracts-Allowable as revenue expenditure.

S. 37(1) : Business expenditure-Capital or revenue-Expansion of existing business-Expenditure on setting up new unit-Expenditure on feasibility study-Loan Processing fee and bank charges-Revenue expenditure.

S. 37(1) : Business expenditure-Debenture at premium-Liability to be spread over period covered by debentures. [S. 145]

S. 37(1) : Business expenditure-Prior period expenses-Allowable as deduction. [S. 145]

S. 35 : Scientific research expenditure-Expenditure towards clinical trials for availing of facility of its subsidiary abroad and at facility not approved by prescribed authority-Weighted deduction not allowable. [S. 35(2AB)]

S. 35 : Scientific research expenditure-Weighted deduction-Expenditure incurred on in-house research and development facility-Entitled to weighted deduction. [S. 35(2AB)]

S. 32 : Depreciation-Additional depreciation-Entitled to balance of additional depreciation not availed of in earlier year in subsequent assessment year. [S. 32(1)(iia)]

S. 32 : Depreciation-Assets not available for physical verification-Cannot be the ground for disallowance of depreciation.

S. 32 : Depreciation-Lease of property-Terms of lease showing assessee owner of plant and machinery-Lease rentals taxed as revenue receipts-Entitle to depreciation.