https://www.taxtmi.com/caselaws?id=382211 Sufficient interest-free funds supporting exempt-income investments justify deleting the interest component of section 14A disallowance, while administrative expenditure is recomputed using only investments that yielded exempt income. Payment under an arbitral award resolving a contractual dispute is treated as a judgment debt and does not attract TDS disallowance. Approved transfer of bare-shell buildings by an SEZ developer to a co-developer generates eligible business profits for section 80IAB deduction. Notional rent is not chargeable for genuinely vacant intended-to-let properties, and diverted rental receipts under a genuine business arrangement are not taxed again. Borrowing costs and processing fees for windmill acquisition are capitalised, while interest on delayed TDS remittance is not deductible. en-us Mon, 27 May 2019 00:00:00 +0530 Thu, 27 Jun 2019 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382211 Sufficient interest-free funds supporting exempt-income investments justify deleting the interest component of section 14A disallowance, while administrative expenditure is recomputed using only investments that yielded exempt income. Payment under an arbitral award resolving a contractual dispute is treated as a judgment debt and does not attract TDS disallowance. Approved transfer of bare-shell buildings by an SEZ developer to a co-developer generates eligible business profits for section 80IAB deduction. Notional rent is not chargeable for genuinely vacant intended-to-let properties, and diverted rental receipts under a genuine business arrangement are not taxed again. Borrowing costs and processing fees for windmill acquisition are capitalised, while interest on delayed TDS remittance is not deductible. Case-Laws Income Tax Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382211