https://www.taxtmi.com/caselaws?id=63205 Concessional interest on a loan was treated as a taxable benefit where the lower borrowing cost itself conferred an actual advantage on the assessee, and the absence of proof of surplus idle funds or a direct fund nexus did not defeat the addition. Deduction under section 80T was required to be computed only after arriving at gross total income, so brought-forward capital losses had to be set off first under the Chapter VI-A scheme. An order demanding compulsory deposit under the 1974 Scheme was held appealable, and the assessee's liability was remanded for fresh examination because the exemption plea based on age had not been heard. en-us Mon, 27 Feb 1989 00:00:00 +0530 Fri, 28 Jan 2011 13:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63205 Concessional interest on a loan was treated as a taxable benefit where the lower borrowing cost itself conferred an actual advantage on the assessee, and the absence of proof of surplus idle funds or a direct fund nexus did not defeat the addition. Deduction under section 80T was required to be computed only after arriving at gross total income, so brought-forward capital losses had to be set off first under the Chapter VI-A scheme. An order demanding compulsory deposit under the 1974 Scheme was held appealable, and the assessee's liability was remanded for fresh examination because the exemption plea based on age had not been heard. Case-Laws Income Tax Mon, 27 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63205