https://www.taxtmi.com/caselaws?id=786007 Disallowance of interest paid on TDS for VAT and royalty was treated as a statutory expenditure and therefore not allowable; that ground was dismissed. Cash payments made to a government power utility were treated as valid electricity expenses under the rule governing payments to government bodies because the taxpayer had no business accounts that year and paid in cash; that ground was allowed. Disallowance under the provision for payments to specified persons in respect of interest paid to finance companies was rejected because the interest was paid by a partner in his personal capacity and later reimbursed on behalf of the firm, making the reimbursement allowable; that ground was allowed. en-us Fri, 16 Jan 2026 00:00:00 +0530 Wed, 04 Feb 2026 08:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786007 Disallowance of interest paid on TDS for VAT and royalty was treated as a statutory expenditure and therefore not allowable; that ground was dismissed. Cash payments made to a government power utility were treated as valid electricity expenses under the rule governing payments to government bodies because the taxpayer had no business accounts that year and paid in cash; that ground was allowed. Disallowance under the provision for payments to specified persons in respect of interest paid to finance companies was rejected because the interest was paid by a partner in his personal capacity and later reimbursed on behalf of the firm, making the reimbursement allowable; that ground was allowed. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786007