https://www.taxtmi.com/caselaws?id=794984 Transfer-pricing adjustment for royalty cannot be reduced to nil where technical and managerial services are demonstrably rendered and the royalty rate is supported by comparable uncontrolled transactions. Royalty payments may be treated as revenue expenditure where consistent prior treatment remains unaltered by facts or law. Operating lease rent recognised on a straight-line basis may be deductible where it follows the applicable accounting standard and no specific tax provision overrides that treatment. Depreciation may continue where the asset is accepted within the relevant block. Statutory-liability disallowances require identification of the governing provision and verification of possible double taxation, while warranty provisions require a present obligation, probable outflow and reliable scientific or actuarial estimation. en-us Mon, 08 Jun 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794984 Transfer-pricing adjustment for royalty cannot be reduced to nil where technical and managerial services are demonstrably rendered and the royalty rate is supported by comparable uncontrolled transactions. Royalty payments may be treated as revenue expenditure where consistent prior treatment remains unaltered by facts or law. Operating lease rent recognised on a straight-line basis may be deductible where it follows the applicable accounting standard and no specific tax provision overrides that treatment. Depreciation may continue where the asset is accepted within the relevant block. Statutory-liability disallowances require identification of the governing provision and verification of possible double taxation, while warranty provisions require a present obligation, probable outflow and reliable scientific or actuarial estimation. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794984