https://www.taxtmi.com/caselaws?id=771435 Transfer pricing on advances and receivables was treated as unsustainable where internal CUP supported the advances and TNMM with working capital adjustment already covered receivables, avoiding duplication. The note also records that weighted deduction for approved R&D expenditure under section 35(2AB) was allowed because the expenses were integrally connected with scientific research and Form 3CL was not a statutory quantification for the relevant period. Goodwill arising from court-sanctioned amalgamation was recognised as a depreciable intangible asset, common-expense reallocation to eligible units was not supported by the books, section 14A could not apply in the absence of exempt income, and commission to overseas agents was not disallowable where no tax was deductible in India. en-us Wed, 21 May 2025 00:00:00 +0530 Mon, 26 May 2025 08:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771435 Transfer pricing on advances and receivables was treated as unsustainable where internal CUP supported the advances and TNMM with working capital adjustment already covered receivables, avoiding duplication. The note also records that weighted deduction for approved R&D expenditure under section 35(2AB) was allowed because the expenses were integrally connected with scientific research and Form 3CL was not a statutory quantification for the relevant period. Goodwill arising from court-sanctioned amalgamation was recognised as a depreciable intangible asset, common-expense reallocation to eligible units was not supported by the books, section 14A could not apply in the absence of exempt income, and commission to overseas agents was not disallowable where no tax was deductible in India. Case-Laws Income Tax Wed, 21 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771435