https://www.taxtmi.com/caselaws?id=796582 Disallowance relating to exempt income may be restricted to the taxpayer's voluntary disallowance where the assessing authority has not recorded statutory dissatisfaction with that computation before applying Rule 8D; such disallowance is not included in book-profit computation. Brand equity fees paid for contractual use of business names, marks and marketing indicia may qualify as revenue expenditure. Discounts on gift cards and vouchers crystallise on sale and may be deductible in that year despite later redemption, with expired unused balances offered to tax. Taxable refund interest may be assessed on a net basis after setting off interest charged for advance-tax default under applicable precedent. en-us Fri, 30 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796582 Disallowance relating to exempt income may be restricted to the taxpayer's voluntary disallowance where the assessing authority has not recorded statutory dissatisfaction with that computation before applying Rule 8D; such disallowance is not included in book-profit computation. Brand equity fees paid for contractual use of business names, marks and marketing indicia may qualify as revenue expenditure. Discounts on gift cards and vouchers crystallise on sale and may be deductible in that year despite later redemption, with expired unused balances offered to tax. Taxable refund interest may be assessed on a net basis after setting off interest charged for advance-tax default under applicable precedent. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796582