https://www.taxtmi.com/caselaws?id=795807 Accrued interest on inter-corporate deposits was treated as taxable under the mercantile system where no new facts or documentary material displaced the finding of accrual. Disallowance of expenditure linked to LLP investment was sustained on the earlier-year reasoning. The alleged non-genuine loan receipts issue requires fresh adjudication after examining the status and effect of Special CBI Court proceedings. Capital losses on sale of unquoted shares remained allowable because the book-value valuation under the prescribed method was not shown to contain specific defects and no alternative valuation was determined. The short-term loss followed the same reasoning as the long-term loss. en-us Fri, 19 Jun 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795807 Accrued interest on inter-corporate deposits was treated as taxable under the mercantile system where no new facts or documentary material displaced the finding of accrual. Disallowance of expenditure linked to LLP investment was sustained on the earlier-year reasoning. The alleged non-genuine loan receipts issue requires fresh adjudication after examining the status and effect of Special CBI Court proceedings. Capital losses on sale of unquoted shares remained allowable because the book-value valuation under the prescribed method was not shown to contain specific defects and no alternative valuation was determined. The short-term loss followed the same reasoning as the long-term loss. Case-Laws Income Tax Fri, 19 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795807