https://www.taxtmi.com/caselaws?id=470882 Section 14A disallowance is not applicable where no exempt income is earned in the relevant year, with the 2022 amendment treated as prospective. Commercial-floor depreciation and related expenses require verification of their connection with business use. Notional rent does not arise on advances for flats before possession or registration. Interest paid to a specified mutual fund is exempt from tax deduction, while tax-deducted payments do not attract disallowance. Demerger-related stamp duty may qualify for amortisation. The key points also address prevention of double taxation of accrued interest, verification of interest on property-acquisition advances, deductibility of debenture-related interest costs, and reconciliation of Form 26AS discrepancies. en-us Fri, 05 Jan 2024 00:00:00 +0530 Wed, 12 Aug 2026 14:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470882 Section 14A disallowance is not applicable where no exempt income is earned in the relevant year, with the 2022 amendment treated as prospective. Commercial-floor depreciation and related expenses require verification of their connection with business use. Notional rent does not arise on advances for flats before possession or registration. Interest paid to a specified mutual fund is exempt from tax deduction, while tax-deducted payments do not attract disallowance. Demerger-related stamp duty may qualify for amortisation. The key points also address prevention of double taxation of accrued interest, verification of interest on property-acquisition advances, deductibility of debenture-related interest costs, and reconciliation of Form 26AS discrepancies. Case-Laws Income Tax Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470882