https://www.taxtmi.com/highlights?id=105393 Appellate jurisdiction over non-transfer-pricing assessment issues covers interest-expenditure and exempt-income disallowances where no transfer-pricing adjustment or arm's-length-price determination is examined. Interest deductions require identification of interest linked to earlier and current advances and taxable interest income; where no direct nexus is established, proportional examination applies. Claims disallowed for tax-deduction-at-source non-compliance require verification of payment under the statutory proviso before determination. Exempt-income disallowance cannot exceed exempt income earned, while the Finance Act 2022 amendment operates prospectively. The additional disallowance beyond the voluntary disallowance was deleted, and the Revenue's appeal was dismissed. en-us Mon, 26 Oct 2026 08:05:48 +0530 Mon, 26 Oct 2026 08:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105393 Appellate jurisdiction over non-transfer-pricing assessment issues covers interest-expenditure and exempt-income disallowances where no transfer-pricing adjustment or arm's-length-price determination is examined. Interest deductions require identification of interest linked to earlier and current advances and taxable interest income; where no direct nexus is established, proportional examination applies. Claims disallowed for tax-deduction-at-source non-compliance require verification of payment under the statutory proviso before determination. Exempt-income disallowance cannot exceed exempt income earned, while the Finance Act 2022 amendment operates prospectively. The additional disallowance beyond the voluntary disallowance was deleted, and the Revenue's appeal was dismissed. Highlights Income Tax Mon, 26 Oct 2026 08:05:48 +0530 https://www.taxtmi.com/highlights?id=105393