https://www.taxtmi.com/caselaws?id=470222 Interest on borrowed funds advanced interest-free to a related concern is deductible only where the advance is supported by genuine commercial expediency connected with the assessee's business. An advance used to acquire an outgoing investor's shareholding, without evidence that the related concern lacked independent funding or that the arrangement served the construction business, supports proportionate interest disallowance. The beneficial tolerance band for differences between sale consideration and stamp-duty value under Section 43CA is described as retrospective. A claim that the variation falls within the applicable band requires factual verification before the benefit can be applied. en-us Tue, 18 Mar 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470222 Interest on borrowed funds advanced interest-free to a related concern is deductible only where the advance is supported by genuine commercial expediency connected with the assessee's business. An advance used to acquire an outgoing investor's shareholding, without evidence that the related concern lacked independent funding or that the arrangement served the construction business, supports proportionate interest disallowance. The beneficial tolerance band for differences between sale consideration and stamp-duty value under Section 43CA is described as retrospective. A claim that the variation falls within the applicable band requires factual verification before the benefit can be applied. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470222