https://www.taxtmi.com/caselaws?id=793543 Actual payment to a leave encashment insurer was treated as distinct from a mere provision and was stated to be allowable as business expenditure, while capitalised interest on an inter-port loan turned on factual verification of accrual and balance-sheet treatment. CSR expenditure made before Explanation 2 to section 37(1) was described as allowable where incurred under binding port-related guidelines and commercial necessity. Unrecovered estate rentals were said not to accrue as real income amid continuing dispute and uncertainty of recovery. Docks, sea walls, piers and railways/rolling stock were treated as plant on the functional test, and employee welfare and related contributions were characterised as deductible business expenditure. en-us Mon, 15 Jun 2026 00:00:00 +0530 Thu, 18 Jun 2026 08:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793543 Actual payment to a leave encashment insurer was treated as distinct from a mere provision and was stated to be allowable as business expenditure, while capitalised interest on an inter-port loan turned on factual verification of accrual and balance-sheet treatment. CSR expenditure made before Explanation 2 to section 37(1) was described as allowable where incurred under binding port-related guidelines and commercial necessity. Unrecovered estate rentals were said not to accrue as real income amid continuing dispute and uncertainty of recovery. Docks, sea walls, piers and railways/rolling stock were treated as plant on the functional test, and employee welfare and related contributions were characterised as deductible business expenditure. Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793543