https://www.taxtmi.com/caselaws?id=786157 Adoption of CERC tariff for pricing captive bagasse sales was rejected because byproduct status, captive consumption, cost analysis and independent thirdparty quotations showed CERC rates distorted production cost; the tribunal accepted the assessee's Rs.1,500/ton as arm's length. Writeoff of loans/advances to a wholly owned subsidiary was held to be a business loss incurred for commercial expediency and allowable under business loss principles. Harvesting and transport payments were held not to attract contract TDS where they form part of sugarcane purchase cost, so no disallowance under withholding rules. Interest disallowance under payment verification requires AO-level factual reconciliation. en-us Thu, 08 Jan 2026 00:00:00 +0530 Sat, 07 Feb 2026 07:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786157 Adoption of CERC tariff for pricing captive bagasse sales was rejected because byproduct status, captive consumption, cost analysis and independent thirdparty quotations showed CERC rates distorted production cost; the tribunal accepted the assessee's Rs.1,500/ton as arm's length. Writeoff of loans/advances to a wholly owned subsidiary was held to be a business loss incurred for commercial expediency and allowable under business loss principles. Harvesting and transport payments were held not to attract contract TDS where they form part of sugarcane purchase cost, so no disallowance under withholding rules. Interest disallowance under payment verification requires AO-level factual reconciliation. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786157