https://www.taxtmi.com/caselaws?id=471799 Interest on non-performing assets that is neither credited to the profit and loss account nor received, and is not recognised under RBI guidelines, does not accrue to tax under the income-recognition framework. A supplier's failure to respond to an information notice, without corroborative evidence, does not by itself establish that a payment is bogus. Disallowance of an inter-corporate dividend deduction requires a show-cause notice and evidentiary support. Treating commission expenditure as unexplained requires disclosure of sufficient payee particulars to permit a meaningful response; where those particulars are absent, fresh fact-finding after proper disclosure and a reasoned decision is required. en-us Fri, 21 Jun 2024 00:00:00 +0530 Fri, 18 Sep 2026 18:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471799 Interest on non-performing assets that is neither credited to the profit and loss account nor received, and is not recognised under RBI guidelines, does not accrue to tax under the income-recognition framework. A supplier's failure to respond to an information notice, without corroborative evidence, does not by itself establish that a payment is bogus. Disallowance of an inter-corporate dividend deduction requires a show-cause notice and evidentiary support. Treating commission expenditure as unexplained requires disclosure of sufficient payee particulars to permit a meaningful response; where those particulars are absent, fresh fact-finding after proper disclosure and a reasoned decision is required. Case-Laws Income Tax Fri, 21 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471799