https://www.taxtmi.com/highlights?id=104719 Transfer-pricing principles preclude notional interest on quasi-equity OFCDs or unrecoverable associated-enterprise funding where recovery is uncertain and no real income accrues; payment under an invoked guarantee is not necessarily a lending transaction. Parent-company guarantees require arm's-length treatment distinct from bank guarantees. Inventory may be valued at the lower of cost and net realisable value where a consistently applied method and adverse market conditions support the valuation. Actual share-transfer consideration could not be replaced with fair market value to deny capital losses before the applicable substitution provision took effect. Foreign-exchange loss, income reconciliation, depreciation set-off and TDS credit require factual verification, including whether corresponding income was taxed. en-us Fri, 09 Oct 2026 10:56:08 +0530 Fri, 09 Oct 2026 10:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104719 Transfer-pricing principles preclude notional interest on quasi-equity OFCDs or unrecoverable associated-enterprise funding where recovery is uncertain and no real income accrues; payment under an invoked guarantee is not necessarily a lending transaction. Parent-company guarantees require arm's-length treatment distinct from bank guarantees. Inventory may be valued at the lower of cost and net realisable value where a consistently applied method and adverse market conditions support the valuation. Actual share-transfer consideration could not be replaced with fair market value to deny capital losses before the applicable substitution provision took effect. Foreign-exchange loss, income reconciliation, depreciation set-off and TDS credit require factual verification, including whether corresponding income was taxed. Highlights Income Tax Fri, 09 Oct 2026 10:56:08 +0530 https://www.taxtmi.com/highlights?id=104719