https://www.taxtmi.com/caselaws?id=236518 The commentary addresses multiple income-tax issues arising in corporate tax computation. It notes that fire-fighting and safety expenditure required fresh factual examination where the prior basis for revenue treatment was not on record. On section 14A, it states that interest disallowance is not warranted when own interest-free funds exceed exempt investments, though a limited disallowance for other expenses may still be sustained. It also explains that subsidy income accrues only when sanction and receipt make it reasonably certain, that captive power generation can qualify for section 80IA(4) deduction on market-value basis, that restructuring costs may be amortised over the chosen period, and that book-profit adjustments under section 115JB must follow the limited section 14A disallowance. en-us Fri, 05 Jul 2013 00:00:00 +0530 Fri, 30 Aug 2013 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236518 The commentary addresses multiple income-tax issues arising in corporate tax computation. It notes that fire-fighting and safety expenditure required fresh factual examination where the prior basis for revenue treatment was not on record. On section 14A, it states that interest disallowance is not warranted when own interest-free funds exceed exempt investments, though a limited disallowance for other expenses may still be sustained. It also explains that subsidy income accrues only when sanction and receipt make it reasonably certain, that captive power generation can qualify for section 80IA(4) deduction on market-value basis, that restructuring costs may be amortised over the chosen period, and that book-profit adjustments under section 115JB must follow the limited section 14A disallowance. Case-Laws Income Tax Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236518