https://www.taxtmi.com/caselaws?id=793162 Additions and transfer pricing adjustments were addressed on evidence-based principles: commission paid to a foreign procurement facilitator was not treated as the assessees' undisclosed income because the entity was genuine and no diversion of profits was proved; balance credit card expenditure was allowed where substantial suo motu disallowance had already been made and no specific personal use was shown; section 40A(3) disallowance was deleted for want of person-specific, day-specific breach, though unsupported cash expenditure remained partly disallowed; obsolete stock was valued at realizable value without proof of suppression; the unaccounted scrap and Grade-B shoe issue required fresh verification; and several transfer pricing exclusions and adjustments were deleted or recomputed on operating margin, symmetry, and benchmarking principles. en-us Tue, 26 May 2026 00:00:00 +0530 Mon, 08 Jun 2026 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793162 Additions and transfer pricing adjustments were addressed on evidence-based principles: commission paid to a foreign procurement facilitator was not treated as the assessees' undisclosed income because the entity was genuine and no diversion of profits was proved; balance credit card expenditure was allowed where substantial suo motu disallowance had already been made and no specific personal use was shown; section 40A(3) disallowance was deleted for want of person-specific, day-specific breach, though unsupported cash expenditure remained partly disallowed; obsolete stock was valued at realizable value without proof of suppression; the unaccounted scrap and Grade-B shoe issue required fresh verification; and several transfer pricing exclusions and adjustments were deleted or recomputed on operating margin, symmetry, and benchmarking principles. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793162