https://www.taxtmi.com/caselaws?id=380004 Interest income connected with the eligible undertaking was treated as deductible under section 80IAB, and netting of interest expenditure against that income was accepted where precedent supported the computation. Donations allowable under section 80G were not treated as allocable expenditure of the undertaking, so they could not reduce the section 80IAB deduction. A section 14A disallowance could increase Chapter VI-A eligible profits, but only up to the amount of exempt income. Corporate guarantee support was regarded as shareholder activity, not an international transaction, and the loan adjustment to the associated enterprise was confined to the lower benchmark rate without any additional risk premium. en-us Tue, 12 Feb 2019 00:00:00 +0530 Wed, 01 Apr 2026 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380004 Interest income connected with the eligible undertaking was treated as deductible under section 80IAB, and netting of interest expenditure against that income was accepted where precedent supported the computation. Donations allowable under section 80G were not treated as allocable expenditure of the undertaking, so they could not reduce the section 80IAB deduction. A section 14A disallowance could increase Chapter VI-A eligible profits, but only up to the amount of exempt income. Corporate guarantee support was regarded as shareholder activity, not an international transaction, and the loan adjustment to the associated enterprise was confined to the lower benchmark rate without any additional risk premium. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380004