https://www.taxtmi.com/highlights?id=101933 Transfer-pricing adjustments on interest-free loans to overseas associated enterprises were deleted because LIBOR-based benchmarking had been accepted on similar facts; continuing corporate guarantees were treated as international transactions, with commission restricted to 0.35%. Premature settlement of deferred sales-tax liability at net present value produced a capital receipt, not taxable remission, and no book-profit adjustment survived. Business losses on unrecovered premises deposits, capital-loan waiver and overseas subsidiary loans and investments were allowed on the stated facts, while property-advance write-offs were disallowed for lack of business nexus. No further exempt-income disallowance or book-profit addition was warranted..... en-us Wed, 22 Jul 2026 08:48:46 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101933 Transfer-pricing adjustments on interest-free loans to overseas associated enterprises were deleted because LIBOR-based benchmarking had been accepted on similar facts; continuing corporate guarantees were treated as international transactions, with commission restricted to 0.35%. Premature settlement of deferred sales-tax liability at net present value produced a capital receipt, not taxable remission, and no book-profit adjustment survived. Business losses on unrecovered premises deposits, capital-loan waiver and overseas subsidiary loans and investments were allowed on the stated facts, while property-advance write-offs were disallowed for lack of business nexus. No further exempt-income disallowance or book-profit addition was warranted..... Highlights Income Tax Wed, 22 Jul 2026 08:48:46 +0530 https://www.taxtmi.com/highlights?id=101933