https://www.taxtmi.com/caselaws?id=184689 Actual business use of premises and payment of electricity charges may support deduction of electricity expenses where consumption records and consistent prior-year treatment corroborate the claim. Construction status or failure to notify other authorities does not, by itself, negate established actual use. Interest on advances to related concerns may not be disallowed where the taxpayer has sufficient interest-free funds and the advances form part of genuine trade arrangements. Commercial expediency prevents the Revenue from substituting its business judgment when a business purpose and adequate non-interest-bearing resources are demonstrated. Disallowances cannot rest solely on suspicion where factual findings support business use or commercial purpose. en-us Fri, 22 Nov 2013 00:00:00 +0530 Tue, 16 Jul 2024 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184689 Actual business use of premises and payment of electricity charges may support deduction of electricity expenses where consumption records and consistent prior-year treatment corroborate the claim. Construction status or failure to notify other authorities does not, by itself, negate established actual use. Interest on advances to related concerns may not be disallowed where the taxpayer has sufficient interest-free funds and the advances form part of genuine trade arrangements. Commercial expediency prevents the Revenue from substituting its business judgment when a business purpose and adequate non-interest-bearing resources are demonstrated. Disallowances cannot rest solely on suspicion where factual findings support business use or commercial purpose. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184689