https://www.taxtmi.com/caselaws?id=798580 Transfer-pricing adjustment for notional interest on overdue associated-enterprise receivables is unwarranted where the entity is debt-free, incurs no borrowing cost, and has not provided interest-free funding to associated enterprises. The agreed credit period must be considered; restricting it without basis can improperly create an interest adjustment. Employee Stock Purchase Plan costs borne for employee share allotment constitute employee compensation and may be deducted under Section 37(1) when incurred wholly and exclusively for business. Their deductibility is not defeated because payment is non-cash or liability is quantified or discharged later, provided the expenditure secures employee services and is not capital in nature. en-us Wed, 02 Sep 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798580 Transfer-pricing adjustment for notional interest on overdue associated-enterprise receivables is unwarranted where the entity is debt-free, incurs no borrowing cost, and has not provided interest-free funding to associated enterprises. The agreed credit period must be considered; restricting it without basis can improperly create an interest adjustment. Employee Stock Purchase Plan costs borne for employee share allotment constitute employee compensation and may be deducted under Section 37(1) when incurred wholly and exclusively for business. Their deductibility is not defeated because payment is non-cash or liability is quantified or discharged later, provided the expenditure secures employee services and is not capital in nature. Case-Laws Income Tax Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798580