https://www.taxtmi.com/caselaws?id=799142 Banking tax computation addresses arm's-length remuneration, provisions, securities valuation, income recognition and statutory deductions. Technical and IT-enabled services supplied to associated enterprises require value-based arm's-length remuneration; where reliable contemporaneous comparables are unavailable, a 10% cost mark-up is reasonable. Actuarially valued pension and employee obligations arising from past service are accrued liabilities, but leave encashment follows the actual-payment requirement. Banking securities may be consistently valued at cost or market value, whichever is lower, and interest on non-performing assets is taxable only on realisation under the real-income principle. Foreign-branch income remains taxable in India with treaty relief. Deductions for standard-asset provisions, bad debts and eligible business income depend on statutory conditions and verified computations. en-us Fri, 11 Sep 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799142 Banking tax computation addresses arm's-length remuneration, provisions, securities valuation, income recognition and statutory deductions. Technical and IT-enabled services supplied to associated enterprises require value-based arm's-length remuneration; where reliable contemporaneous comparables are unavailable, a 10% cost mark-up is reasonable. Actuarially valued pension and employee obligations arising from past service are accrued liabilities, but leave encashment follows the actual-payment requirement. Banking securities may be consistently valued at cost or market value, whichever is lower, and interest on non-performing assets is taxable only on realisation under the real-income principle. Foreign-branch income remains taxable in India with treaty relief. Deductions for standard-asset provisions, bad debts and eligible business income depend on statutory conditions and verified computations. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799142