https://www.taxtmi.com/caselaws?id=800885 Omission of clause (i) of section 92BA without a saving clause removes the statutory basis for transfer-pricing adjustments founded solely on that provision. Mark-to-market losses on open equity and currency futures held as stock-in-trade may be recognised under the lower-of-cost-or-market valuation principle, including anticipated diminution in value on unsettled contracts. For disallowance relating to exempt income, interest-free own funds exceeding investments support the presumption that investments were made from those funds, excluding interest disallowance. Administrative expenditure should be computed only with reference to investments relevant to exempt income and after crediting voluntary disallowance. en-us Mon, 21 Sep 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800885 Omission of clause (i) of section 92BA without a saving clause removes the statutory basis for transfer-pricing adjustments founded solely on that provision. Mark-to-market losses on open equity and currency futures held as stock-in-trade may be recognised under the lower-of-cost-or-market valuation principle, including anticipated diminution in value on unsettled contracts. For disallowance relating to exempt income, interest-free own funds exceeding investments support the presumption that investments were made from those funds, excluding interest disallowance. Administrative expenditure should be computed only with reference to investments relevant to exempt income and after crediting voluntary disallowance. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800885