https://www.taxtmi.com/highlights?id=104314 SEZ-unit profit deduction extends to a voluntary transfer-pricing adjustment disclosed in the return; a pending special leave petition does not displace prevailing Tribunal and jurisdictional High Court authority without a contrary Supreme Court ruling. Ad hoc expenditure disallowance linked to exempt mutual-fund dividend income is addressed through prior assessee-specific rulings. Year-end foreign-exchange loss recognised at the balance-sheet date is treated as allowable business expenditure. In ITeS benchmarking, service providers may be excluded for functional dissimilarity, unavailable segmental information, or failure of the employee-cost filter; medical transcription, billing and coding activities are functionally distinct from the tested ITeS services. en-us Tue, 29 Sep 2026 08:34:54 +0530 Tue, 29 Sep 2026 08:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104314 SEZ-unit profit deduction extends to a voluntary transfer-pricing adjustment disclosed in the return; a pending special leave petition does not displace prevailing Tribunal and jurisdictional High Court authority without a contrary Supreme Court ruling. Ad hoc expenditure disallowance linked to exempt mutual-fund dividend income is addressed through prior assessee-specific rulings. Year-end foreign-exchange loss recognised at the balance-sheet date is treated as allowable business expenditure. In ITeS benchmarking, service providers may be excluded for functional dissimilarity, unavailable segmental information, or failure of the employee-cost filter; medical transcription, billing and coding activities are functionally distinct from the tested ITeS services. Highlights Income Tax Tue, 29 Sep 2026 08:34:54 +0530 https://www.taxtmi.com/highlights?id=104314