https://www.taxtmi.com/caselaws?id=796168 Income recognised on accrual basis for completed consultancy services cannot be taxed again merely because the related tax deduction appears in Form 26AS in a later year; the timing of tax deduction does not override income recognition. Transfer charges and commission directly connected with sale of property are deductible when computing capital gains, even if not allowable as business expenditure. Professional fees for arranging working-capital funding require adequate proof of business utility and substantiation; where these are incomplete, proportionate disallowance may apply. The discussion treats the Form 26AS mismatch addition as unsustainable, allows property-transfer expenses under capital gains, and supports partial disallowance of inadequately supported funding consultancy fees. en-us Fri, 05 Jun 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796168 Income recognised on accrual basis for completed consultancy services cannot be taxed again merely because the related tax deduction appears in Form 26AS in a later year; the timing of tax deduction does not override income recognition. Transfer charges and commission directly connected with sale of property are deductible when computing capital gains, even if not allowable as business expenditure. Professional fees for arranging working-capital funding require adequate proof of business utility and substantiation; where these are incomplete, proportionate disallowance may apply. The discussion treats the Form 26AS mismatch addition as unsustainable, allows property-transfer expenses under capital gains, and supports partial disallowance of inadequately supported funding consultancy fees. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796168