https://www.taxtmi.com/caselaws?id=63045 Section 43B applies only where the underlying tax or duty liability has already arisen, so advance payment before liability accrues is not deductible, while timing-based adjustment relief may follow in the correct year. Section 14A disallowance of interest on exempt dividend income requires a proven nexus with borrowed funds, and substantial interest-free funds can defeat the disallowance. Software acquisition was treated as capital expenditure, but business-linked litigation expenses for employees' criminal defence were allowable. Warranty provision required a scientifically supported estimate. Business-connected receipts retained business income character, and customs duty crystallising on failure to meet export obligation formed part of actual cost for depreciation. en-us Mon, 11 Oct 2004 00:00:00 +0530 Tue, 23 Sep 2025 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63045 Section 43B applies only where the underlying tax or duty liability has already arisen, so advance payment before liability accrues is not deductible, while timing-based adjustment relief may follow in the correct year. Section 14A disallowance of interest on exempt dividend income requires a proven nexus with borrowed funds, and substantial interest-free funds can defeat the disallowance. Software acquisition was treated as capital expenditure, but business-linked litigation expenses for employees' criminal defence were allowable. Warranty provision required a scientifically supported estimate. Business-connected receipts retained business income character, and customs duty crystallising on failure to meet export obligation formed part of actual cost for depreciation. Case-Laws Income Tax Mon, 11 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63045