https://www.taxtmi.com/caselaws?id=801387 Comparable Uncontrolled Price benchmarking requires an identifiable uncontrolled transaction adjusted for material differences; a bank prime lending rate plus an estimated premium, and controlled related-party transactions, cannot supply the benchmark. Secured bank borrowing and unrelated unsecured loans supported the related-party interest rate, leaving no transfer-pricing adjustment. Where own interest-free funds exceed investments or advances and the Revenue does not prove diversion of borrowings, the interest-free funds presumption removes interest disallowance under rule 8D and for interest-free advances; fund-flow evidence or a linking chart is unnecessary. Administrative expenditure may nevertheless be disallowed where exempt income is earned, recorded dissatisfaction supports the computation, and the amount does not exceed exempt income. en-us Mon, 28 Sep 2026 00:00:00 +0530 Wed, 21 Oct 2026 08:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801387 Comparable Uncontrolled Price benchmarking requires an identifiable uncontrolled transaction adjusted for material differences; a bank prime lending rate plus an estimated premium, and controlled related-party transactions, cannot supply the benchmark. Secured bank borrowing and unrelated unsecured loans supported the related-party interest rate, leaving no transfer-pricing adjustment. Where own interest-free funds exceed investments or advances and the Revenue does not prove diversion of borrowings, the interest-free funds presumption removes interest disallowance under rule 8D and for interest-free advances; fund-flow evidence or a linking chart is unnecessary. Administrative expenditure may nevertheless be disallowed where exempt income is earned, recorded dissatisfaction supports the computation, and the amount does not exceed exempt income. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801387