https://www.taxtmi.com/caselaws?id=471686 Cash electricity payments to a wholly State-owned electricity board may be treated as payments to a government concern for Section 40A(3), removing the related disallowance. Depreciation on a multiplex and mall, together with interest on construction loans, requires fresh consideration where completion, occupancy and readiness-for-use evidence has not been addressed. The asset-related claims require de novo appellate determination after considering the additional evidence and affording a hearing, consistently with treatment of the issue in a subsequent year. en-us Wed, 09 Apr 2025 00:00:00 +0530 Mon, 14 Sep 2026 19:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471686 Cash electricity payments to a wholly State-owned electricity board may be treated as payments to a government concern for Section 40A(3), removing the related disallowance. Depreciation on a multiplex and mall, together with interest on construction loans, requires fresh consideration where completion, occupancy and readiness-for-use evidence has not been addressed. The asset-related claims require de novo appellate determination after considering the additional evidence and affording a hearing, consistently with treatment of the issue in a subsequent year. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471686