Just a moment...

⚠✕
❮ Top
FeedbackReport
☰
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search ❯
    August 7, 2025 Case Laws GST
    Writ Petition Dismissed Against Notice for Fraudulent Input Tax Credit; Appeal Must Follow Appellate Process
    August 7, 2025 Case Laws GST
    Order quashed for failing natural justice due to improper notice service under Section 73 of GST Act
    August 7, 2025 Case Laws GST
    Secondment of Employees Subject to Service Tax; No Penalty Under Section 74 CGST Act, Interest Payable from Service Date
    August 7, 2025 Case Laws GST
    Uploading GST show cause notice online alone violates natural justice; Section 169(1) requires effective alternative service methods
    August 7, 2025 Case Laws GST
    Penalty under Section 129(1) reduced due to no tax evasion and valid reasons for e-way bill delay
    August 7, 2025 Case Laws GST
    GST registration cancelled for non-filing over six months under Section 29(2)(c) and Rule 22 CGST Rules
    August 7, 2025 Case Laws GST
    SCN under Section 93 GST cannot be issued to deceased without notice to legal representative
    August 7, 2025 Case Laws GST
    Ex Parte Cancellation Set Aside for Lack of Personal Service, Fair Hearing Directed Under Natural Justice Principles
    August 7, 2025 Case Laws GST
    Goods Detention Under Section 129 CGST Quashed Due to Compliance With Rule 138A and Valid Documents
    August 7, 2025 Case Laws GST
    Show Cause Notice Must Follow GST Law Formats Post-2017; Pre-GST Circulars No Longer Valid
    August 7, 2025 Case Laws Income Tax
    Section 32AB Deduction Requires Profits per Companies Act, Not Income Tax Act Computation
    August 7, 2025 Case Laws Income Tax
    Payments for General Training Workshops Don't Qualify as Technical Services Under Article 12 of India-Singapore DTAA
    August 7, 2025 Case Laws Income Tax
    Section 115JB disallows adding partnership loss to book profits; interest recalculated under sections 234C and 234D
    August 7, 2025 Case Laws Income Tax
    TDS Credit Allowed to Assessee for Income Tax Deducted in Deceased Husband's Name Under Rule 37BA
    August 7, 2025 Case Laws Income Tax
    ITAT Rules No TDS Deduction Under Section 194H on Online Ticketing Platform Convenience Fees
    August 7, 2025 Case Laws Income Tax
    Reopening Assessment Under Section 147 Invalid Without Direct Link or Cross-Examination Opportunity
    August 7, 2025 Case Laws Income Tax
    Income from ship operations taxable only in Singapore under Article 8 of India-Singapore DTAA, AO's addition set aside
    August 7, 2025 Case Laws Income Tax
    Reopening of Assessment Under Section 147 Invalid Without Proper Jurisdiction, Assessment Quashed
    August 7, 2025 Case Laws Income Tax
    Inland Haulage Charges Qualify for Tax Benefits Under Article 8 of India-UAE DTAA, Exempt from Indian Taxation
    August 7, 2025 Case Laws Income Tax
    Reopening Assessment of Deceased Assessee Without Section 148 Notice to Legal Heir Is Invalid
❮

Are you sure you want to delete "My most important" ?

NOTE:

Highlights

Home / Highlights / Income Tax / 2016 / April, 2016 / This
Back

All Highlights

Showing Results for : Law : All
Reset Filters
Showing
Records
ExpandCollapse

    Highlights

    Home / Highlights / Income Tax / 2016 / April, 2016 / This
    Back

    All Highlights

    Showing Results for : Law : AllReset Filters
    Case ID :
    Income Tax

    If the money is utilised in a way that makes commercial sense...

    Interest on Borrowed Money: Valid for Commercial Expediency if Funds Enhance Business Efficiency and Make Commercial Sense.

    📋
    Contents
    Note

    Note

    Note

    Bookmark

    print

    Print

    Print Options

    Income TaxApril 21, 2016Case LawsAT

    If the money is utilised in a way that makes commercial sense and helps in running the business of the assessee more efficiently, then it can be said that the interest paid in respect of the borrowed money has been incurred for the purposes of commercial expediency. - AT

    View Source View

    You may also like:

    Topics

    ActsIncome Tax
    Next ➔