https://www.taxtmi.com/caselaws?id=797311 Ind AS accounting recognition does not independently determine taxable income where the Income-tax Act or ICDS prescribes a different computation. Notional income from unwinding an interest-free security deposit, royalty already taxed as upfront consideration, EPCG duty benefits connected with assets, and borrowing-cost differences under ICDS IX were not taxable or disallowable merely because of Ind AS presentation; the related additions were deleted. Absence of Form 3CL could not defeat deduction for an approved in-house research and development facility where issuance lay with the prescribed authority. TDR cost and set-off, leave-entitlement provision, and gift expenditure required verification of prior records, computation treatment, business purpose and evidence, and were restored for fresh determination. en-us Mon, 17 Aug 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797311 Ind AS accounting recognition does not independently determine taxable income where the Income-tax Act or ICDS prescribes a different computation. Notional income from unwinding an interest-free security deposit, royalty already taxed as upfront consideration, EPCG duty benefits connected with assets, and borrowing-cost differences under ICDS IX were not taxable or disallowable merely because of Ind AS presentation; the related additions were deleted. Absence of Form 3CL could not defeat deduction for an approved in-house research and development facility where issuance lay with the prescribed authority. TDR cost and set-off, leave-entitlement provision, and gift expenditure required verification of prior records, computation treatment, business purpose and evidence, and were restored for fresh determination. Case-Laws Income Tax Mon, 17 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797311