https://www.taxtmi.com/highlights?id=104663 Under TNMM, audited annual accounts and reports provide a reliable basis for comparability analysis over unaudited raw data. Verified working-capital-adjusted margins must reflect differences between tested international transactions and comparable uncontrolled transactions; where the taxpayer's margin falls within that range, no transfer-pricing adjustment is warranted. A claimed duplicate disallowance of interest on income tax requires verification whether a voluntary disallowance was already made in the return; any repeated disallowance must be deleted. Employees' provident fund contributions are deductible only if deposited by the due date under the relevant fund law, requiring verification. en-us Thu, 08 Oct 2026 08:45:20 +0530 Thu, 08 Oct 2026 08:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104663 Under TNMM, audited annual accounts and reports provide a reliable basis for comparability analysis over unaudited raw data. Verified working-capital-adjusted margins must reflect differences between tested international transactions and comparable uncontrolled transactions; where the taxpayer's margin falls within that range, no transfer-pricing adjustment is warranted. A claimed duplicate disallowance of interest on income tax requires verification whether a voluntary disallowance was already made in the return; any repeated disallowance must be deleted. Employees' provident fund contributions are deductible only if deposited by the due date under the relevant fund law, requiring verification. Highlights Income Tax Thu, 08 Oct 2026 08:45:20 +0530 https://www.taxtmi.com/highlights?id=104663