https://www.taxtmi.com/caselaws?id=801172 Separate estimated profit on subcontract expenditure is unwarranted where the underlying contract receipts and profit are already recorded and taxed, as it duplicates taxable income; bank payments and tax deduction at source support the recorded transactions. Donation deductions require receipts and evidence of payment to an eligible institution, so unsupported claims remain disallowable despite banking entries. Provident-fund late-payment interest is compensatory and allowable, whereas damages are penal and non-deductible; where records do not segregate them, the claim requires verification and recomputation. en-us Tue, 29 Sep 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801172 Separate estimated profit on subcontract expenditure is unwarranted where the underlying contract receipts and profit are already recorded and taxed, as it duplicates taxable income; bank payments and tax deduction at source support the recorded transactions. Donation deductions require receipts and evidence of payment to an eligible institution, so unsupported claims remain disallowable despite banking entries. Provident-fund late-payment interest is compensatory and allowable, whereas damages are penal and non-deductible; where records do not segregate them, the claim requires verification and recomputation. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801172