https://www.taxtmi.com/caselaws?id=471523 Section 43CA does not apply to flat sales concluded through booking, allotment and agreement before the provision's commencement merely because registration occurs later; the resulting stamp-duty valuation difference is not brought within that provision. Interest on capital borrowed for a real-estate business may be deducted as a period cost, including where the project is stock-in-trade, subject to verifying the business nexus and preventing double deduction through work-in-progress. Foreign exchange loss on consultancy liabilities and monetary-item settlement is revenue expenditure under Accounting Standard 11 where it lacks a direct connection with bringing inventory to its present location or condition, and is not capitalised to project cost. en-us Wed, 13 May 2026 00:00:00 +0530 Mon, 07 Sep 2026 19:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471523 Section 43CA does not apply to flat sales concluded through booking, allotment and agreement before the provision's commencement merely because registration occurs later; the resulting stamp-duty valuation difference is not brought within that provision. Interest on capital borrowed for a real-estate business may be deducted as a period cost, including where the project is stock-in-trade, subject to verifying the business nexus and preventing double deduction through work-in-progress. Foreign exchange loss on consultancy liabilities and monetary-item settlement is revenue expenditure under Accounting Standard 11 where it lacks a direct connection with bringing inventory to its present location or condition, and is not capitalised to project cost. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471523