https://www.taxtmi.com/caselaws?id=355443 Salary expenditure supported by additional PF and employee records requires fresh verification before allowance is determined. Bad debts are deductible once written off in the accounts and previously included in sales; separate proof of irrecoverability is unnecessary. Interest on genuine borrowings used for business is deductible without tracing each fund to a specific asset. Business-promotion incentives and discounts remain allowable except for the unpressed portion affected by tax-withholding non-compliance. Customer advances linked to vehicle bookings and later sale invoices are trade advances, not unexplained cash credits. Registration expenses lacking reliable supporting evidence are disallowable. Repair expenditure below the applicable tax-withholding threshold cannot be disallowed for non-deduction of tax. en-us Mon, 05 Feb 2018 00:00:00 +0530 Wed, 14 Feb 2018 09:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355443 Salary expenditure supported by additional PF and employee records requires fresh verification before allowance is determined. Bad debts are deductible once written off in the accounts and previously included in sales; separate proof of irrecoverability is unnecessary. Interest on genuine borrowings used for business is deductible without tracing each fund to a specific asset. Business-promotion incentives and discounts remain allowable except for the unpressed portion affected by tax-withholding non-compliance. Customer advances linked to vehicle bookings and later sale invoices are trade advances, not unexplained cash credits. Registration expenses lacking reliable supporting evidence are disallowable. Repair expenditure below the applicable tax-withholding threshold cannot be disallowed for non-deduction of tax. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355443