Section 10B loss set-off remains available against other undertaking profits despite separate computation of export-profit deductions.

Electricity network contributions remain revenue expenditure where ownership and maintenance stay with the electricity board, supporting business prof...

Reassessment beyond four years fails where recorded reasons produce no addition and full disclosure conditions remain unmet.

Business loss carry-forward fails where intervening returns were not filed, preventing determination of unabsorbed losses for set-off.

Section 263 revision fails where completed inquiry shows no identifiable revenue prejudice from unsecured loans or trade payables.

TDS on cash withdrawals remains the bank's responsibility, and unsupported liens over customer accounts must be released.

Digital advertising and search optimisation costs remain revenue expenditure when they create no capital asset or enduring capital advantage.

Third-party search assessments fail after the statutory cut-off, while unrelated cash-acceptance penalties remain subject to strict limitation.

Interest expenditure linked to interest-bearing advances is deductible against taxable interest income when the borrowing nexus is established.

Consequential cash-receipt penalty fails when the underlying addition is deleted and seized material does not implicate the assessee.

Post-purchase residential reconstruction costs qualify for capital gains exemption when they genuinely improve the acquired house for residence.

Co-operative society deposit interest may retain business-income character, subject to statutory deposit conditions and factual verification.

Reassessment of a dissolved firm fails where successor income was already assessed and recorded reasons lacked transaction-specific material.

Commission expenditure linked to pharmaceutical marketing income qualifies as business deduction when recipient identity, genuineness and business pur...

Section 87A rebate applies to tax on listed equity short-term capital gains taxed at the special rate.

Unabsorbed depreciation retains its character and can offset house-property income despite absence of positive business income.

Business expenditure and hedging premium claims remain allowable, while plant-related receipts reduce capital work-in-progress.

Captive wind-power profits use consumer tariff for deduction; unsupported payment disallowance for alleged withholding failures cannot stand.

Indexed cost of improvement requires proof of actual works and payments; estimates and quotations cannot support the claim.

Penny-stock sale additions require taxpayer-linked evidence, while undisclosed exempt capital gains can justify reassessment proceedings.