https://www.taxtmi.com/caselaws?id=470633 Arm's length pricing for back-office support services requires exclusion of functionally dissimilar comparables, including entities performing business-process, engineering or design functions and those with abnormal employee-cost ratios; the adjustment must be recomputed. A letter of comfort supporting an associated enterprise's liquidity warrants a reduced arm's length charge of 0.04%. Mark-to-market derivative losses arising in banking and treasury operations, depreciation on previously leased assets, written-off bad debts, proportionate bond expenses, and ordinary banking losses are allowable. Interest-free funds support deletion of interest disallowance relating to exempt income, while administrative expenditure requires verification. Notional interest on tenant security deposits cannot increase annual value. Reasonably estimated year-end liabilities are deductible, while depreciation on assets capitalised at year-end depends on proof of use. en-us Fri, 21 Nov 2025 00:00:00 +0530 Sat, 01 Aug 2026 19:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470633 Arm's length pricing for back-office support services requires exclusion of functionally dissimilar comparables, including entities performing business-process, engineering or design functions and those with abnormal employee-cost ratios; the adjustment must be recomputed. A letter of comfort supporting an associated enterprise's liquidity warrants a reduced arm's length charge of 0.04%. Mark-to-market derivative losses arising in banking and treasury operations, depreciation on previously leased assets, written-off bad debts, proportionate bond expenses, and ordinary banking losses are allowable. Interest-free funds support deletion of interest disallowance relating to exempt income, while administrative expenditure requires verification. Notional interest on tenant security deposits cannot increase annual value. Reasonably estimated year-end liabilities are deductible, while depreciation on assets capitalised at year-end depends on proof of use. Case-Laws Income Tax Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470633