https://www.taxtmi.com/caselaws?id=789962 A mere accounting misclassification did not justify treating flat-sale consideration as unexplained credit, so the addition was deleted. Interest on a personal loan was also allowed where the record did not dispute that the borrowing was used for business purposes. Interest on the housing loan required fresh computation of the admissible deduction under the alternate housing-property claim, with consequential relief to follow. Disallowance for alleged failure to deduct tax at source on professional fees failed because the payments were below the threshold and tax had been deducted on the amount exceeding it. The 20% ad hoc expenditure disallowance was held arbitrary and deleted. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 17 Apr 2026 08:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789962 A mere accounting misclassification did not justify treating flat-sale consideration as unexplained credit, so the addition was deleted. Interest on a personal loan was also allowed where the record did not dispute that the borrowing was used for business purposes. Interest on the housing loan required fresh computation of the admissible deduction under the alternate housing-property claim, with consequential relief to follow. Disallowance for alleged failure to deduct tax at source on professional fees failed because the payments were below the threshold and tax had been deducted on the amount exceeding it. The 20% ad hoc expenditure disallowance was held arbitrary and deleted. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789962