https://www.taxtmi.com/caselaws?id=470488 Taxable income and deductible expenditure must rest on actual accrual, statutory conditions and a substantiated business nexus. The notes explain that interest disallowance may apply where borrowed funds used for non-business loans or partnership-capital advances lack commercial expediency, while finance costs attributable to work-in-progress require capitalisation. They address the real-income principle for related-party transfers, proportionate allocation of group sponsorship costs, and allowability of documented business expenses and reimbursements. Further section 14A disallowance requires recorded dissatisfaction and cannot exceed exempt income. A book write-off may support a bad-debt claim, whereas notional interest cannot arise from presumption. Deemed dividend requires the recipient to hold the prescribed beneficial shareholding in the payer company. en-us Tue, 23 Dec 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470488 Taxable income and deductible expenditure must rest on actual accrual, statutory conditions and a substantiated business nexus. The notes explain that interest disallowance may apply where borrowed funds used for non-business loans or partnership-capital advances lack commercial expediency, while finance costs attributable to work-in-progress require capitalisation. They address the real-income principle for related-party transfers, proportionate allocation of group sponsorship costs, and allowability of documented business expenses and reimbursements. Further section 14A disallowance requires recorded dissatisfaction and cannot exceed exempt income. A book write-off may support a bad-debt claim, whereas notional interest cannot arise from presumption. Deemed dividend requires the recipient to hold the prescribed beneficial shareholding in the payer company. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470488