https://www.taxtmi.com/caselaws?id=792843 A related-party slump sale loss was disallowed because the valuation was not supported by reliable reconciliation or independent evidence, and the reported consideration was not convincingly justified. Compensation linked to the exit of a key doctor was treated as revenue receipt because the business continued with its infrastructure and profit-making apparatus intact, with no sterilisation of the source of income. Interest disallowance on advances and capitalization of interest on capital advances were deleted on the factual finding that the assessee had sufficient own funds. Section 14A read with Rule 8D was held inapplicable where no exempt income arose during the year. en-us Tue, 19 May 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792843 A related-party slump sale loss was disallowed because the valuation was not supported by reliable reconciliation or independent evidence, and the reported consideration was not convincingly justified. Compensation linked to the exit of a key doctor was treated as revenue receipt because the business continued with its infrastructure and profit-making apparatus intact, with no sterilisation of the source of income. Interest disallowance on advances and capitalization of interest on capital advances were deleted on the factual finding that the assessee had sufficient own funds. Section 14A read with Rule 8D was held inapplicable where no exempt income arose during the year. Case-Laws Income Tax Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792843