https://www.taxtmi.com/caselaws?id=470213 Income-tax disallowances concerning business losses, purchases, interest-free advances and sales to group concerns require statutory authority, evidentiary nexus and proof of unaccounted income; audited commercial records cannot be displaced by arbitrary loss norms or average-rate comparisons. Export commission to non-resident agents may not require tax deduction where services and income arise outside India. Prior-period export and service-tax expenses are allowable when liability crystallises through quantified demand or final refund rejection, while unresolved claims require verification. A windmill access payment is not depreciable but may be amortised as rent over its use period. Preliminary expenditure requires examination under Section 35D, and land cost is not depreciable. en-us Mon, 17 Mar 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470213 Income-tax disallowances concerning business losses, purchases, interest-free advances and sales to group concerns require statutory authority, evidentiary nexus and proof of unaccounted income; audited commercial records cannot be displaced by arbitrary loss norms or average-rate comparisons. Export commission to non-resident agents may not require tax deduction where services and income arise outside India. Prior-period export and service-tax expenses are allowable when liability crystallises through quantified demand or final refund rejection, while unresolved claims require verification. A windmill access payment is not depreciable but may be amortised as rent over its use period. Preliminary expenditure requires examination under Section 35D, and land cost is not depreciable. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470213