Tag Archives: Usha Martin Ltd.

Transfer Pricing Adjustments and Bona Fide Claims Do Not Attract Penalty Under Section 271(1)(c)

By | September 23, 2026
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Transfer Pricing Adjustments and Bona Fide Claims Do Not Attract Penalty Under Section 271(1)(c) Issue Whether penalty under Section 271(1)(c) for furnishing inaccurate particulars of income can be levied on transfer pricing adjustments, disallowance of leave encashment provision, and legal expenses on capital asset transfer when all relevant facts were fully disclosed and quantum additions… Read More »

Transfer Pricing Adjustments Restricted, Foreign Travel Disallowance Quashed, And Carbon Credit Sale Held Capital Receipt

By | August 20, 2026
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Transfer Pricing Adjustments Restricted, Foreign Travel Disallowance Quashed, And Carbon Credit Sale Held Capital Receipt Transfer Pricing Adjustments Restricted, Foreign Travel Disallowance Quashed, And Carbon Credit Sale Held Capital Receipt Issue Whether transfer pricing adjustments for corporate guarantee fees and interest rates should be restricted based on precedents from the assessee’s own case. Whether an… Read More »

Transfer Pricing Adjustments Restricted, Foreign Travel Disallowance Quashed, And Carbon Credit Sale Held Capital Receipt

By | August 20, 2026
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Transfer Pricing Adjustments Restricted, Foreign Travel Disallowance Quashed, And Carbon Credit Sale Held Capital Receipt Issue Whether transfer pricing adjustments for corporate guarantee commission and loan interest rate should be restricted based on precedents set in the assessee’s own case. Whether an ad hoc disallowance of foreign travel expenses is sustainable when the assessee voluntarily… Read More »