https://www.taxtmi.com/caselaws?id=765274 Interest routed through a non-operational joint venture did not trigger TDS liability where one constituent alone executed the project, bore risks, controlled operations and received project proceeds, while the other received only a technical fee. Infrastructure-project profits qualified for deduction where the taxpayer acted as developer rather than mere contractor. Deemed short-term gains on depreciable long-term assets remained taxable at the long-term capital-gains rate. Book-profit adjustments beyond the statutory formula were impermissible. Written-off taxed interest, irrecoverable business advances and restructuring compensation were deductible when statutory and business-purpose conditions were met. Unreconciled AIR data alone could not support additions without corroborative evidence. en-us Tue, 31 Dec 2024 00:00:00 +0530 Tue, 14 Oct 2025 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765274 Interest routed through a non-operational joint venture did not trigger TDS liability where one constituent alone executed the project, bore risks, controlled operations and received project proceeds, while the other received only a technical fee. Infrastructure-project profits qualified for deduction where the taxpayer acted as developer rather than mere contractor. Deemed short-term gains on depreciable long-term assets remained taxable at the long-term capital-gains rate. Book-profit adjustments beyond the statutory formula were impermissible. Written-off taxed interest, irrecoverable business advances and restructuring compensation were deductible when statutory and business-purpose conditions were met. Unreconciled AIR data alone could not support additions without corroborative evidence. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765274