https://www.taxtmi.com/caselaws?id=58794 The commentary examines several income-tax issues, including whether borrowed funds used for tax payments can escape disallowance only where a direct nexus with the tax payment is established, and how employee-director remuneration and related benefits are to be governed under the applicable restriction provision. It also addresses the extent of relief for professional fees linked to representation before tax authorities, the conditions for weighted deduction on foreign commission, investment allowance for computers installed in a factory, balancing loss on scrapped or untraceable assets, and the circumstances in which interest may be charged on estimated advance tax under the relevant provision. en-us Mon, 31 Oct 1988 00:00:00 +0530 Wed, 22 Dec 2010 12:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58794 The commentary examines several income-tax issues, including whether borrowed funds used for tax payments can escape disallowance only where a direct nexus with the tax payment is established, and how employee-director remuneration and related benefits are to be governed under the applicable restriction provision. It also addresses the extent of relief for professional fees linked to representation before tax authorities, the conditions for weighted deduction on foreign commission, investment allowance for computers installed in a factory, balancing loss on scrapped or untraceable assets, and the circumstances in which interest may be charged on estimated advance tax under the relevant provision. Case-Laws Income Tax Mon, 31 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58794