https://www.taxtmi.com/caselaws?id=798965 Section 14A disallowance does not arise where no exempt income is earned and, where exempt income is earned, cannot exceed that income. Electrical installations qualify for 15% depreciation, while UPS, as a computer accessory or peripheral, qualifies for depreciation at the computer rate. Bank guarantee fees paid to banks are not commission under section 194H and do not trigger tax deduction at source or disallowance under section 40(a)(ia). Substantial interest-free funds support a presumption that capital work-in-progress was financed from those funds absent a borrowing nexus. For section 80IC, separately accounted unit losses not disclosed as income-tax losses cannot reduce the deduction; allocation of common expenses requires fresh examination. en-us Thu, 10 Sep 2026 00:00:00 +0530 Tue, 15 Sep 2026 08:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798965 Section 14A disallowance does not arise where no exempt income is earned and, where exempt income is earned, cannot exceed that income. Electrical installations qualify for 15% depreciation, while UPS, as a computer accessory or peripheral, qualifies for depreciation at the computer rate. Bank guarantee fees paid to banks are not commission under section 194H and do not trigger tax deduction at source or disallowance under section 40(a)(ia). Substantial interest-free funds support a presumption that capital work-in-progress was financed from those funds absent a borrowing nexus. For section 80IC, separately accounted unit losses not disclosed as income-tax losses cannot reduce the deduction; allocation of common expenses requires fresh examination. Case-Laws Income Tax Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798965