https://www.taxtmi.com/caselaws?id=797763 Interest deduction under Section 43B requires loan-wise evidence linking accrued term-loan interest with payments made before the return-filing due date. Consolidated financial statements, ledger accounts and bank statements may not establish that nexus; primary payment evidence, including a bank certificate, may require fresh verification. Expenditure disallowance under Section 14A read with Rule 8D does not arise where no exempt income was earned during the relevant previous year. Accordingly, the interest claim remains subject to factual verification, while the exempt-income-related disallowance is unsustainable. en-us Thu, 06 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797763 Interest deduction under Section 43B requires loan-wise evidence linking accrued term-loan interest with payments made before the return-filing due date. Consolidated financial statements, ledger accounts and bank statements may not establish that nexus; primary payment evidence, including a bank certificate, may require fresh verification. Expenditure disallowance under Section 14A read with Rule 8D does not arise where no exempt income was earned during the relevant previous year. Accordingly, the interest claim remains subject to factual verification, while the exempt-income-related disallowance is unsustainable. Case-Laws Income Tax Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797763