https://www.taxtmi.com/caselaws?id=800404 Berry-ratio (OP/VAE) benchmarking is unsuitable for a full-fledged manufacturer where material costs, inventory and manufacturing risks, and tangible assets materially drive profits; sales adjustments based on that indicator were deleted. Notional interest on associated-enterprise receivables requires evidence that associated enterprises received credit treatment unavailable to unrelated customers. Uniform 180-day credit without interest supported deletion for one year; the other required verification, with any adjustment confined to invoices beyond 180 days and priced at six-month LIBOR plus bank spread. Book profit under section 115JB excludes transfer-pricing adjustments unless specifically permitted, and binding DRP directions required recomputation without those adjustments. en-us Wed, 23 Sep 2026 00:00:00 +0530 Tue, 06 Oct 2026 08:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800404 Berry-ratio (OP/VAE) benchmarking is unsuitable for a full-fledged manufacturer where material costs, inventory and manufacturing risks, and tangible assets materially drive profits; sales adjustments based on that indicator were deleted. Notional interest on associated-enterprise receivables requires evidence that associated enterprises received credit treatment unavailable to unrelated customers. Uniform 180-day credit without interest supported deletion for one year; the other required verification, with any adjustment confined to invoices beyond 180 days and priced at six-month LIBOR plus bank spread. Book profit under section 115JB excludes transfer-pricing adjustments unless specifically permitted, and binding DRP directions required recomputation without those adjustments. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800404