https://www.taxtmi.com/caselaws?id=771288 Sufficient own funds were treated as fatal to notional interest disallowance on advances under section 36(1)(iii), so the addition was deleted. Expenditure attributed to exempt dividend income under section 14A was confined to a nominal amount because the investments were shown to have come from earlier shareholdings and available own funds, so the disallowance was reduced to a token sum. For vacant property income under section 23(4), the annual notional rent was aligned with the figure accepted in the preceding year and restricted to a monthly rate of Rs. 50,000, resulting in partial relief. en-us Thu, 01 May 2025 00:00:00 +0530 Fri, 23 May 2025 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771288 Sufficient own funds were treated as fatal to notional interest disallowance on advances under section 36(1)(iii), so the addition was deleted. Expenditure attributed to exempt dividend income under section 14A was confined to a nominal amount because the investments were shown to have come from earlier shareholdings and available own funds, so the disallowance was reduced to a token sum. For vacant property income under section 23(4), the annual notional rent was aligned with the figure accepted in the preceding year and restricted to a monthly rate of Rs. 50,000, resulting in partial relief. Case-Laws Income Tax Thu, 01 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771288