https://www.taxtmi.com/caselaws?id=468239 Transfer pricing guidance confirms that notional interest on outstanding trade receivables and short-term advances to associated enterprises may be benchmarked using average LIBOR, with trade payables adjusted against advances where relevant. It also affirms that a corporate guarantee furnished to an associated enterprise is an international transaction requiring arm's length benchmarking, with 0.5% accepted as the appropriate commission rate. On charitable deduction, CSR-linked donations made to eligible institutions were treated as deductible under section 80G, unless specifically barred by statute. The note therefore records sustained transfer pricing adjustments in principle, subject to recomputation, and allowance of the deduction claim. en-us Fri, 30 May 2025 00:00:00 +0530 Thu, 23 Apr 2026 20:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468239 Transfer pricing guidance confirms that notional interest on outstanding trade receivables and short-term advances to associated enterprises may be benchmarked using average LIBOR, with trade payables adjusted against advances where relevant. It also affirms that a corporate guarantee furnished to an associated enterprise is an international transaction requiring arm's length benchmarking, with 0.5% accepted as the appropriate commission rate. On charitable deduction, CSR-linked donations made to eligible institutions were treated as deductible under section 80G, unless specifically barred by statute. The note therefore records sustained transfer pricing adjustments in principle, subject to recomputation, and allowance of the deduction claim. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468239