https://www.taxtmi.com/caselaws?id=796598 Eligible commercial vehicles qualified for higher depreciation under the applicable schedule, and a scientifically computed, consistently applied warranty provision linked to sales constituted a present business liability deductible in computing income. Research and development expenditure under section 35(2AB) required limited verification of the difference between DSIR-approved and claimed expenditure before allowance under the earlier precedent. Section 14A read with Rule 8D could not disallow expenditure for investments producing no exempt income; sufficient interest-free funds supported the presumption that income-yielding investments were funded from those sources. Deduction under section 80JJAA remained allowable consistently with earlier years. en-us Fri, 31 Jul 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796598 Eligible commercial vehicles qualified for higher depreciation under the applicable schedule, and a scientifically computed, consistently applied warranty provision linked to sales constituted a present business liability deductible in computing income. Research and development expenditure under section 35(2AB) required limited verification of the difference between DSIR-approved and claimed expenditure before allowance under the earlier precedent. Section 14A read with Rule 8D could not disallow expenditure for investments producing no exempt income; sufficient interest-free funds supported the presumption that income-yielding investments were funded from those sources. Deduction under section 80JJAA remained allowable consistently with earlier years. Case-Laws Income Tax Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796598