https://www.taxtmi.com/caselaws?id=351540 Interest disallowance linked to advances to sister concerns required verification of the source of funds and the factual nexus between borrowings and advances, so the matter was remanded for fresh adjudication. Licence fee provision was held hit by section 43B because the statutory liability had not been paid by the due date for filing the return, and the disallowance was sustained. The accumulated licence fee liability was not finally taxed as cessation under section 41(1); the issue was set aside for de novo examination, particularly to avoid double addition where the amount had already been disallowed in earlier years. en-us Fri, 24 Nov 2017 00:00:00 +0530 Mon, 27 Nov 2017 08:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351540 Interest disallowance linked to advances to sister concerns required verification of the source of funds and the factual nexus between borrowings and advances, so the matter was remanded for fresh adjudication. Licence fee provision was held hit by section 43B because the statutory liability had not been paid by the due date for filing the return, and the disallowance was sustained. The accumulated licence fee liability was not finally taxed as cessation under section 41(1); the issue was set aside for de novo examination, particularly to avoid double addition where the amount had already been disallowed in earlier years. Case-Laws Income Tax Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351540