https://www.taxtmi.com/caselaws?id=797841 Corporate-guarantee pricing is benchmarked at 0.5%, while interest on a commercially risky, subordinated loan linked to Siam Commercial Bank is recomputed at 9%. A further ad hoc disallowance of foreign travel expenditure is unwarranted where 20% has already been disallowed and subjected to fringe benefit tax. For captive-power transfers, the electricity market value for the Section 80IA deduction is the State Electricity Board tariff charged to industrial consumers, rather than a cost-plus rate. Carbon-credit sale proceeds are capital receipts; the prospective tax provision applicable from assessment year 2018-19 does not govern earlier years. en-us Wed, 29 Jul 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797841 Corporate-guarantee pricing is benchmarked at 0.5%, while interest on a commercially risky, subordinated loan linked to Siam Commercial Bank is recomputed at 9%. A further ad hoc disallowance of foreign travel expenditure is unwarranted where 20% has already been disallowed and subjected to fringe benefit tax. For captive-power transfers, the electricity market value for the Section 80IA deduction is the State Electricity Board tariff charged to industrial consumers, rather than a cost-plus rate. Carbon-credit sale proceeds are capital receipts; the prospective tax provision applicable from assessment year 2018-19 does not govern earlier years. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797841