https://www.taxtmi.com/caselaws?id=795921 Exempt-income disallowance is confined to investments that actually generated exempt income during the relevant year, rather than all investments. CSR expenditure incurred by a statutory port authority under shipping guidelines remains allowable because the Companies Act CSR exclusion does not apply to a non-company. An actuarially certified one-time payment to address a superannuation-fund deficit is not subject to the ceiling for ordinary annual contributions, and direct pension payments are deductible. Software expenditure supported by invoices, banking payments and tax deduction cannot be rejected solely for the recipient's non-compliance. Accrual-based provisions for recurring, ascertained and audited liabilities are deductible. en-us Mon, 22 Jun 2026 00:00:00 +0530 Wed, 29 Jul 2026 08:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795921 Exempt-income disallowance is confined to investments that actually generated exempt income during the relevant year, rather than all investments. CSR expenditure incurred by a statutory port authority under shipping guidelines remains allowable because the Companies Act CSR exclusion does not apply to a non-company. An actuarially certified one-time payment to address a superannuation-fund deficit is not subject to the ceiling for ordinary annual contributions, and direct pension payments are deductible. Software expenditure supported by invoices, banking payments and tax deduction cannot be rejected solely for the recipient's non-compliance. Accrual-based provisions for recurring, ascertained and audited liabilities are deductible. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795921