https://www.taxtmi.com/caselaws?id=797067 Expenditure incurred for acquiring or expanding an undertaking falls within the specific preliminary-expense amortisation regime and cannot be claimed as a residual revenue deduction. Repairs to leased premises remain deductible except to the extent capital in nature, while depreciation on guest-house flats and office equipment was accepted on consistent prior treatment. Intellectual-property renewal costs require evidence that they protect existing rights rather than create a capital asset. For exempt-income expenditure, interest disallowance is unwarranted where own funds exceed investments without a borrowing nexus, but book profit must include the full Rule 8D disallowance. Transfer-pricing loan and guarantee benchmarking was sustained; executive remuneration requires fresh verification. en-us Mon, 12 Jan 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797067 Expenditure incurred for acquiring or expanding an undertaking falls within the specific preliminary-expense amortisation regime and cannot be claimed as a residual revenue deduction. Repairs to leased premises remain deductible except to the extent capital in nature, while depreciation on guest-house flats and office equipment was accepted on consistent prior treatment. Intellectual-property renewal costs require evidence that they protect existing rights rather than create a capital asset. For exempt-income expenditure, interest disallowance is unwarranted where own funds exceed investments without a borrowing nexus, but book profit must include the full Rule 8D disallowance. Transfer-pricing loan and guarantee benchmarking was sustained; executive remuneration requires fresh verification. Case-Laws Income Tax Mon, 12 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797067