https://www.taxtmi.com/caselaws?id=471581 Corporate guarantee pricing for associated enterprises is addressed at a 0.5% arm's-length charge rather than 1%. Interest on borrowings used for a subsidiary's equity investment requires verification under directions applicable to an earlier year. Disallowance of indirect expenditure relating to exempt income is computed by considering only investments that generated exempt income, while the interest component requires reconsideration after any related interest disallowance. Singapore withholding-tax credit, brought-forward business-loss set-off, minimum alternate tax credit and dividend-distribution-tax credit remain subject to applicable earlier directions, legal verification and consideration of a pending rectification application. en-us Tue, 31 Dec 2024 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471581 Corporate guarantee pricing for associated enterprises is addressed at a 0.5% arm's-length charge rather than 1%. Interest on borrowings used for a subsidiary's equity investment requires verification under directions applicable to an earlier year. Disallowance of indirect expenditure relating to exempt income is computed by considering only investments that generated exempt income, while the interest component requires reconsideration after any related interest disallowance. Singapore withholding-tax credit, brought-forward business-loss set-off, minimum alternate tax credit and dividend-distribution-tax credit remain subject to applicable earlier directions, legal verification and consideration of a pending rectification application. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471581