https://www.taxtmi.com/caselaws?id=338930 The article explains that credits from aircraft engine and component suppliers were treated as capital receipts because their character depended on the purpose for which they were granted, and their linkage to the aircraft acquisition arrangement did not make them trading income. It also states that supplementary lease rent remained within the exemption under section 10(15A) where there was no evidence that the lessor supplied spares or related services, so no tax deduction at source was required and the disallowance under section 40(a)(i) was deleted. On section 14A read with Rule 8D, it notes that interest directly attributable to specific borrowings must be excluded and the computation required fresh examination. en-us Fri, 18 Nov 2016 00:00:00 +0530 Wed, 15 Feb 2017 07:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338930 The article explains that credits from aircraft engine and component suppliers were treated as capital receipts because their character depended on the purpose for which they were granted, and their linkage to the aircraft acquisition arrangement did not make them trading income. It also states that supplementary lease rent remained within the exemption under section 10(15A) where there was no evidence that the lessor supplied spares or related services, so no tax deduction at source was required and the disallowance under section 40(a)(i) was deleted. On section 14A read with Rule 8D, it notes that interest directly attributable to specific borrowings must be excluded and the computation required fresh examination. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338930