https://www.taxtmi.com/caselaws?id=468209 Employee contributions to provident fund or ESI paid after the due date under the relevant welfare law are not deductible, even if remitted before the income-tax return filing due date. Outstanding receivables from associated enterprises beyond the agreed credit period constitute a separate international transaction and require arm's length benchmarking; interest should be computed using LIBOR plus an appropriate spread, while allowing any agreed normal credit period. Corporate guarantees for associated enterprises also constitute international transactions requiring benchmarking, with commercial bank guarantee rates not treated as the appropriate comparator and a 0.5% guarantee commission applied. en-us Fri, 19 May 2023 00:00:00 +0530 Wed, 22 Apr 2026 17:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468209 Employee contributions to provident fund or ESI paid after the due date under the relevant welfare law are not deductible, even if remitted before the income-tax return filing due date. Outstanding receivables from associated enterprises beyond the agreed credit period constitute a separate international transaction and require arm's length benchmarking; interest should be computed using LIBOR plus an appropriate spread, while allowing any agreed normal credit period. Corporate guarantees for associated enterprises also constitute international transactions requiring benchmarking, with commercial bank guarantee rates not treated as the appropriate comparator and a 0.5% guarantee commission applied. Case-Laws Income Tax Fri, 19 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468209