https://www.taxtmi.com/caselaws?id=788358 Consistency in an assessee's own assessments supports deletion of recurring captive power plant expense disallowances where facts remain identical, earlier years accepted the expenditure, and no fresh material justifies a different view. Expenditure attributable to exempt income is restricted to exempt income earned for the relevant year; the prescribed computation method requires the Assessing Officer to examine the accounts and record objective dissatisfaction before its application, while a prospective amendment cannot govern an earlier year. Technical inspection fees qualify as business expenditure where invoices, payment records, tax-deduction records, confirmations and service evidence establish that the services were necessary for operational, compliance and insurance purposes. en-us Mon, 16 Feb 2026 00:00:00 +0530 Tue, 17 Mar 2026 18:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788358 Consistency in an assessee's own assessments supports deletion of recurring captive power plant expense disallowances where facts remain identical, earlier years accepted the expenditure, and no fresh material justifies a different view. Expenditure attributable to exempt income is restricted to exempt income earned for the relevant year; the prescribed computation method requires the Assessing Officer to examine the accounts and record objective dissatisfaction before its application, while a prospective amendment cannot govern an earlier year. Technical inspection fees qualify as business expenditure where invoices, payment records, tax-deduction records, confirmations and service evidence establish that the services were necessary for operational, compliance and insurance purposes. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788358