https://www.taxtmi.com/caselaws?id=788121 Interest payable to a cooperative bank listed as a scheduled bank falls within the actual-payment requirement for deduction under section 43B. Capitalising such interest to work-in-progress defers its deduction but does not remove the requirement of actual payment. The section 43B disallowance was therefore restored. Separately, deletion of the section 14A disallowance was sustained because the relevant dividend was treated as taxable income for the assessment year, so expenditure relating to exempt income was not established on those facts. en-us Fri, 13 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788121 Interest payable to a cooperative bank listed as a scheduled bank falls within the actual-payment requirement for deduction under section 43B. Capitalising such interest to work-in-progress defers its deduction but does not remove the requirement of actual payment. The section 43B disallowance was therefore restored. Separately, deletion of the section 14A disallowance was sustained because the relevant dividend was treated as taxable income for the assessment year, so expenditure relating to exempt income was not established on those facts. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788121