https://www.taxtmi.com/caselaws?id=800901 Notional interest on interest-free tenant security deposits is not taxable where no contractual right to interest exists and the deposits do not mask suppressed rent, because only real income that accrues or arises is taxable. Capital introduced by an identified partner through verified bank accounts cannot be added in the firm's assessment under section 68 absent evidence that the firm's own funds were routed through the partner. Cash deposits already treated as verified partner capital cannot be added again; an uncorrelated balance requires reconciliation and verification. Section 14A does not support an ad hoc expenditure disallowance where no exempt income was earned and no specific expenditure defect is identified. en-us Thu, 08 Oct 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800901 Notional interest on interest-free tenant security deposits is not taxable where no contractual right to interest exists and the deposits do not mask suppressed rent, because only real income that accrues or arises is taxable. Capital introduced by an identified partner through verified bank accounts cannot be added in the firm's assessment under section 68 absent evidence that the firm's own funds were routed through the partner. Cash deposits already treated as verified partner capital cannot be added again; an uncorrelated balance requires reconciliation and verification. Section 14A does not support an ad hoc expenditure disallowance where no exempt income was earned and no specific expenditure defect is identified. Case-Laws Income Tax Thu, 08 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800901