https://www.taxtmi.com/caselaws?id=465884 Transfer pricing adjustment relating to deemed brand development expenditure was overturned because benchmarking using Spearman's Rank Correlation and aggregated entity-level TNMM was found unsustainable, resulting in deletion of the brand fee addition. Investment promotion and clean energy vehicle subsidies were examined under the amended definition of income and held taxable on the facts, resulting in inclusion in income. Disallowance of depreciation linked to cash subsidy was restricted to the extent of exempt income, and no disallowance applies if no exempt income arises. en-us Fri, 28 Feb 2025 00:00:00 +0530 Fri, 09 Jan 2026 12:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465884 Transfer pricing adjustment relating to deemed brand development expenditure was overturned because benchmarking using Spearman's Rank Correlation and aggregated entity-level TNMM was found unsustainable, resulting in deletion of the brand fee addition. Investment promotion and clean energy vehicle subsidies were examined under the amended definition of income and held taxable on the facts, resulting in inclusion in income. Disallowance of depreciation linked to cash subsidy was restricted to the extent of exempt income, and no disallowance applies if no exempt income arises. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465884