https://www.taxtmi.com/caselaws?id=789708 Notional interest on advances to subsidiary companies was held disallowable where commercial expediency was not established on verified facts and the change from earlier accounting treatment lacked proper factual support. A bad debt deduction also required an actual write-off in the debtor accounts after the 1989 amendment to the bad debt provision, and a consolidated write-off without party-wise particulars was insufficient. The interest disallowance linked to the share premium account under the tax payment disallowance rule was not finally sustained and required fresh factual examination. The appellate findings were set aside and the matters remanded for reconsideration of all grounds after hearing the parties. en-us Thu, 09 Apr 2026 00:00:00 +0530 Mon, 13 Apr 2026 07:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789708 Notional interest on advances to subsidiary companies was held disallowable where commercial expediency was not established on verified facts and the change from earlier accounting treatment lacked proper factual support. A bad debt deduction also required an actual write-off in the debtor accounts after the 1989 amendment to the bad debt provision, and a consolidated write-off without party-wise particulars was insufficient. The interest disallowance linked to the share premium account under the tax payment disallowance rule was not finally sustained and required fresh factual examination. The appellate findings were set aside and the matters remanded for reconsideration of all grounds after hearing the parties. Case-Laws Income Tax Thu, 09 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789708