https://www.taxtmi.com/caselaws?id=470639 Functionally dissimilar comparables for back-office support services must be excluded, requiring recomputation using the two accepted comparables. The letter-of-comfort commission is restricted to 0.04%, while the section 14A disallowance requires verification and recomputation under Rule 8D. Year-end provisions incurred under the mercantile system, mark-to-market foreign-exchange derivative losses arising in banking business, depreciation on leased assets, and written-off bad debts are treated as allowable deductions. Employee stock-option discount, proportionate bond issue discount, club membership expenditure and banking business losses are also allowable on the stated principles and prior-year treatment. en-us Fri, 20 Feb 2026 00:00:00 +0530 Mon, 03 Aug 2026 15:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470639 Functionally dissimilar comparables for back-office support services must be excluded, requiring recomputation using the two accepted comparables. The letter-of-comfort commission is restricted to 0.04%, while the section 14A disallowance requires verification and recomputation under Rule 8D. Year-end provisions incurred under the mercantile system, mark-to-market foreign-exchange derivative losses arising in banking business, depreciation on leased assets, and written-off bad debts are treated as allowable deductions. Employee stock-option discount, proportionate bond issue discount, club membership expenditure and banking business losses are also allowable on the stated principles and prior-year treatment. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470639