https://www.taxtmi.com/caselaws?id=799139 Rental income should not be increased through an estimated market rent drawn from an incomparable property in another city when no credible local evidence supports a higher rent and the disclosed rent exceeds standard rent. Salary paid to a family member is allowable where sustained business and banking functions establish genuine services, business results support the expenditure, and the recipient offers the salary to tax. Interest on unsecured loans may be commercially expedient despite a higher stated rate than secured borrowings, considering the effective cost of bank finance, flexibility and repayment terms. Unsupported rental estimates and unjustified salary or interest disallowances cannot be sustained where transactions are reasonable and genuine. en-us Fri, 11 Sep 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799139 Rental income should not be increased through an estimated market rent drawn from an incomparable property in another city when no credible local evidence supports a higher rent and the disclosed rent exceeds standard rent. Salary paid to a family member is allowable where sustained business and banking functions establish genuine services, business results support the expenditure, and the recipient offers the salary to tax. Interest on unsecured loans may be commercially expedient despite a higher stated rate than secured borrowings, considering the effective cost of bank finance, flexibility and repayment terms. Unsupported rental estimates and unjustified salary or interest disallowances cannot be sustained where transactions are reasonable and genuine. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799139