https://www.taxtmi.com/caselaws?id=791860 Corporate guarantee to an associated enterprise was treated as not warranting transfer pricing adjustment where no fresh guarantee, cost, or economic sacrifice was shown. Interest disallowance for alleged diversion of borrowed funds failed because the advances were commercially expedient and no direct nexus with borrowings was proved. Weighted deduction for scientific research was not confined to DSIR certification where eligible expenditure was genuinely incurred, while product registration costs were held revenue in nature. Section 14A disallowance could not exceed exempt income or be duplicated in book profit, hedging derivative loss was business loss, and doctor freebies and belated employees' contribution remained disallowable; bonus payment required factual verification. en-us Fri, 15 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791860 Corporate guarantee to an associated enterprise was treated as not warranting transfer pricing adjustment where no fresh guarantee, cost, or economic sacrifice was shown. Interest disallowance for alleged diversion of borrowed funds failed because the advances were commercially expedient and no direct nexus with borrowings was proved. Weighted deduction for scientific research was not confined to DSIR certification where eligible expenditure was genuinely incurred, while product registration costs were held revenue in nature. Section 14A disallowance could not exceed exempt income or be duplicated in book profit, hedging derivative loss was business loss, and doctor freebies and belated employees' contribution remained disallowable; bonus payment required factual verification. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791860