https://www.taxtmi.com/caselaws?id=795215 Sufficient interest-free funds support a presumption that investments were financed from those funds, so interest relating to an existing building already put to use need not be capitalised. The notes also state that a disallowance calculated under section 14A read with rule 8D cannot, by itself, be used to increase book profit under section 115JB. The key principles concern the nexus between available interest-free funds and investments, and the distinct treatment of disallowances when computing book profit. en-us Mon, 13 Jul 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795215 Sufficient interest-free funds support a presumption that investments were financed from those funds, so interest relating to an existing building already put to use need not be capitalised. The notes also state that a disallowance calculated under section 14A read with rule 8D cannot, by itself, be used to increase book profit under section 115JB. The key principles concern the nexus between available interest-free funds and investments, and the distinct treatment of disallowances when computing book profit. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795215