https://www.taxtmi.com/caselaws?id=795808 Sales-promotion expenditure is allowable where it comprises legitimate business-promotion activities, but travel and hotel facilities directly provided to medical practitioners remain prohibited. Alleged over-invoicing additions require corroborative evidence and cannot rest on retracted search statements or unrelated supplier allegations. Manufacturing scrap and empty-container receipts qualify for profit-linked deductions, while NEIIPP excise-duty refunds are capital receipts excluded from taxable income and book profit. Transfer-pricing adjustments require reliable functional comparability and market-adjusted benchmarks; most adjustments were deleted, although a limited inter-unit transfer adjustment remained. Interest-free funds exceeding exempt-income investments preclude further interest disallowance, and section 14A disallowance cannot be mechanically added to book profit. Foreign tax credit and in-house R&D claims require fresh verification. en-us Tue, 23 Jun 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795808 Sales-promotion expenditure is allowable where it comprises legitimate business-promotion activities, but travel and hotel facilities directly provided to medical practitioners remain prohibited. Alleged over-invoicing additions require corroborative evidence and cannot rest on retracted search statements or unrelated supplier allegations. Manufacturing scrap and empty-container receipts qualify for profit-linked deductions, while NEIIPP excise-duty refunds are capital receipts excluded from taxable income and book profit. Transfer-pricing adjustments require reliable functional comparability and market-adjusted benchmarks; most adjustments were deleted, although a limited inter-unit transfer adjustment remained. Interest-free funds exceeding exempt-income investments preclude further interest disallowance, and section 14A disallowance cannot be mechanically added to book profit. Foreign tax credit and in-house R&D claims require fresh verification. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795808