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]

S. 12AA : Procedure for registration-Trust or institution-Cancellation of registration-Survey-Donation-Accommodation entries-Money laundering activity-Not brought on record anything to show that activities of assessee were not genuine or activities were not being carried out in accordance with objects of society-Cancellation of registration is not valid. [S. 2(15), 11, 133A]