https://www.taxtmi.com/caselaws?id=472321 Corporate guarantees provided to associated enterprises may constitute international transactions, with an arm's-length commission of 0.5% of the guarantee value. Where own funds exceed exempt-income investments, no interest disallowance arises under Rule 8D; administrative disallowance is confined to investments that yielded exempt income, net of voluntary disallowance. Full weighted R&D deduction is available for book-recorded expenditure at an approved in-house facility before Rule 6(7A) introduced expenditure quantification. Forward-contract losses require verification of whether underlying foreign-currency borrowing is on revenue or capital account. Unavailed additional depreciation remains available in the succeeding year. Depreciation and unexplained-money additions based on alleged inflated contract payments depend on coordinated determination of prior-year cash-repayment issues. en-us Mon, 21 Apr 2025 00:00:00 +0530 Thu, 08 Oct 2026 08:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472321 Corporate guarantees provided to associated enterprises may constitute international transactions, with an arm's-length commission of 0.5% of the guarantee value. Where own funds exceed exempt-income investments, no interest disallowance arises under Rule 8D; administrative disallowance is confined to investments that yielded exempt income, net of voluntary disallowance. Full weighted R&D deduction is available for book-recorded expenditure at an approved in-house facility before Rule 6(7A) introduced expenditure quantification. Forward-contract losses require verification of whether underlying foreign-currency borrowing is on revenue or capital account. Unavailed additional depreciation remains available in the succeeding year. Depreciation and unexplained-money additions based on alleged inflated contract payments depend on coordinated determination of prior-year cash-repayment issues. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472321