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18. Expenditure not to be allowed as deduction
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18. Expenditure not to be allowed as deduction.—(1) In computing the total income of a person for any financial year, the following shall not be allowed as a deduction, namely :—
(a) any expenditure, attributable to income which is not included in the total income under the Sixth Schedule, determined in accordance with such method as may be prescribed ;
(b) any expenditure attributable to any income from special sources ;
(c) any expenditure which has been allowed as a deduction in any other financial year ;
(d) any expenditure incurred for an activity which is an offence or which is not permissible by law ;
(e) any provision made for any liability, if it remains unascertained by the end of the financial year ; and
(f) any unexplained expenditure referred to in clause (q) of sub-section (2) of section 58.
(2) Any amount allowed as a deduction under any provision of this Code shall not be allowed as a deduction under any other provision of this Code.
(3) The provisions of this section shall apply notwithstanding anything in any other provisions of this Chapter.
Clause 18 provides that in computing the total income of a person for any financial year, the following expenditure shall not be allowed as a deduction, namely :—
(a) any expenditure attributable to income which is not included in the total income under the Sixth Schedule, determined in accordance with such method as may be prescribed ;
(b) any expenditure attributable to any income from special sources ;
(c) any expenditure which has been allowed as a deduction in any other financial year ;
(d) any expenditure incurred for an activity which is an offence or which is not permissible by law ;
(e) any provision made for any liability, if it remains unascertained by the end of the financial year ; and
(f) any unexplained expenditure referred to in item (q) of sub-clause (2) of clause 58.
The said clause also provides that any amount allowed as a deduction under any provision of the Code shall not be allowed as a deduction under any other provision of the Code. The provisions of this clause shall apply notwithstanding anything contained in any other provisions of Chapter III.
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