Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Internal TNMM was upheld for sale of finished goods to associated enterprises because earlier years had accepted that method, CUP was not reliably workable, and no material change or distinguishing feature was shown; the transfer pricing adjustment was deleted for both years. The adjustment for sales promotion and marketing services from associated enterprises was also deleted on the same consistency basis. Additional depreciation on replacement spares was denied because it did not create new plant and machinery, while prior period expenses were not addable to book profit; interest capitalisation to capital work in progress failed for lack of nexus, and the weighted deduction for in-house research and development was allowed without DSIR quantification for the years in question. Additional depreciation on new tanks was allowed.
Internal TNMM was upheld for sale of finished goods to associated enterprises because earlier years had accepted that method, CUP was not reliably workable, and no material change or distinguishing feature was shown; the transfer pricing adjustment was deleted for both years. The adjustment for sales promotion and marketing services from associated enterprises was also deleted on the same consistency basis. Additional depreciation on replacement spares was denied because it did not create new plant and machinery, while prior period expenses were not addable to book profit; interest capitalisation to capital work in progress failed for lack of nexus, and the weighted deduction for in-house research and development was allowed without DSIR quantification for the years in question. Additional depreciation on new tanks was allowed.
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