https://www.taxtmi.com/caselaws?id=470312 For captive power supplied to a consuming unit in a specified domestic transaction, the distribution-licensee tariff paid by that unit may serve as a comparable uncontrolled price for arm's length pricing, rather than the generating-company sale rate. It explains that write-back of creditors relating to capital assets is not taxable as remission of a trading liability where the principal liability was not allowed as a deduction. It further states that disallowance for exempt-income investments is computed by reference only to investments that actually yielded exempt income, and that such disallowance does not automatically adjust book profit. en-us Fri, 30 Jan 2026 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470312 For captive power supplied to a consuming unit in a specified domestic transaction, the distribution-licensee tariff paid by that unit may serve as a comparable uncontrolled price for arm's length pricing, rather than the generating-company sale rate. It explains that write-back of creditors relating to capital assets is not taxable as remission of a trading liability where the principal liability was not allowed as a deduction. It further states that disallowance for exempt-income investments is computed by reference only to investments that actually yielded exempt income, and that such disallowance does not automatically adjust book profit. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470312