https://www.taxtmi.com/caselaws?id=792949 No disallowance under section 14A was sustained where no exempt income was earned; related-party payments for rent, management fees and commission were upheld as genuine and not shown to be excessive; cash credits from fixed deposits were accepted on PAN, confirmations and bank evidence; receipts from scrap sales, foreign exchange gain, write-back balances and processing charges were treated as eligible business profits for deduction under section 80IB; and the doubtful-debt claim was allowed as an effective write-off. Employees' PF/ESIC contribution was sent back for verification in light of Checkmate Services, while MAT credit and tax credits were directed to be verified and granted. en-us Wed, 29 Apr 2026 00:00:00 +0530 Thu, 04 Jun 2026 15:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792949 No disallowance under section 14A was sustained where no exempt income was earned; related-party payments for rent, management fees and commission were upheld as genuine and not shown to be excessive; cash credits from fixed deposits were accepted on PAN, confirmations and bank evidence; receipts from scrap sales, foreign exchange gain, write-back balances and processing charges were treated as eligible business profits for deduction under section 80IB; and the doubtful-debt claim was allowed as an effective write-off. Employees' PF/ESIC contribution was sent back for verification in light of Checkmate Services, while MAT credit and tax credits were directed to be verified and granted. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792949