https://www.taxtmi.com/caselaws?id=797147 Sufficient interest-free funds supported security deposits and government liabilities incurred for contracts, so proportionate interest disallowance was unsustainable, particularly where bank charges were not attributable to the advances. Ad hoc disallowance of cash expenses could not stand because it rested on general concerns about profitability and cash payments without identified defects in expenditure records or supporting evidence. Specified bank note deposits during demonetisation were satisfactorily explained by regular cash collections from mining, royalty and toll-plaza operations, supported by cash books, cash-sale summaries and deposit records; the audited books were not rejected and no evidence rebutted the business source. All three additions were deleted. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797147 Sufficient interest-free funds supported security deposits and government liabilities incurred for contracts, so proportionate interest disallowance was unsustainable, particularly where bank charges were not attributable to the advances. Ad hoc disallowance of cash expenses could not stand because it rested on general concerns about profitability and cash payments without identified defects in expenditure records or supporting evidence. Specified bank note deposits during demonetisation were satisfactorily explained by regular cash collections from mining, royalty and toll-plaza operations, supported by cash books, cash-sale summaries and deposit records; the audited books were not rejected and no evidence rebutted the business source. All three additions were deleted. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797147