https://www.taxtmi.com/caselaws?id=211826 The Tribunal upheld the legality of issuing a corrigendum to the original assessment order, stating that it was not prejudicial and did not render the assessment proceedings null and void. The final assessment order passed after issuing the corrigendum was deemed valid, correcting the initial labeling mistake. The Tribunal rejected the assessee's challenge on the adjustment of depreciation in the transfer pricing assessment, finding the depreciation method used by the assessee to be appropriate and not requiring adjustment for determining the Arm's Length Price (ALP). The appeal was dismissed in favor of the tax authorities. en-us Mon, 30 Jan 2012 00:00:00 +0530 Fri, 24 May 2013 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211826 The Tribunal upheld the legality of issuing a corrigendum to the original assessment order, stating that it was not prejudicial and did not render the assessment proceedings null and void. The final assessment order passed after issuing the corrigendum was deemed valid, correcting the initial labeling mistake. The Tribunal rejected the assessee's challenge on the adjustment of depreciation in the transfer pricing assessment, finding the depreciation method used by the assessee to be appropriate and not requiring adjustment for determining the Arm's Length Price (ALP). The appeal was dismissed in favor of the tax authorities. Case-Laws Income Tax Mon, 30 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211826