https://www.taxtmi.com/caselaws?id=468220 Functionally comparable loss-making companies cannot be excluded on a rigid persistent-loss filter where the record does not show true continuous losses; the comparable was directed to be retained. Miscellaneous expenses in incomplete XBRL disclosures were treated as operating unless a specific non-operating element was proved, while government grants, test track income and incidental business receipts were held to be operating income. High-end software companies with brand value, intangibles, R&D and no segmental data were held incomparable to a captive service provider, and notional interest on overdue receivables was deleted for a debt-free assessee. The tribunal also treated Ind AS unwinding of discount as non-taxable real income, allowed scientific research capital expenditure, and upheld subscription fees as deductible business ; only interest and TCS-credit verification issues were remitted. en-us Fri, 06 Jun 2025 00:00:00 +0530 Wed, 22 Apr 2026 11:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468220 Functionally comparable loss-making companies cannot be excluded on a rigid persistent-loss filter where the record does not show true continuous losses; the comparable was directed to be retained. Miscellaneous expenses in incomplete XBRL disclosures were treated as operating unless a specific non-operating element was proved, while government grants, test track income and incidental business receipts were held to be operating income. High-end software companies with brand value, intangibles, R&D and no segmental data were held incomparable to a captive service provider, and notional interest on overdue receivables was deleted for a debt-free assessee. The tribunal also treated Ind AS unwinding of discount as non-taxable real income, allowed scientific research capital expenditure, and upheld subscription fees as deductible business ; only interest and TCS-credit verification issues were remitted. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468220