https://www.taxtmi.com/caselaws?id=252949 The Tribunal partly allowed the appeal, directing the Transfer Pricing Officer (TPO) to re-examine the Transfer Pricing Adjustment on AMP Expenses and IT Support Services. The Tribunal emphasized the importance of consistency with previous judgments and the need for proper comparables selection. It also instructed the Assessing Officer (AO) to verify and allow higher depreciation for certain assets, like Cisco Switches. The Tribunal partially allowed the claim for disallowance of depreciation allowance, focusing on specific assets. Penalty proceedings under Section 271(1)(c) were deemed premature and required no adjudication at that stage. en-us Tue, 21 Oct 2014 00:00:00 +0530 Sat, 08 Nov 2014 06:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252949 The Tribunal partly allowed the appeal, directing the Transfer Pricing Officer (TPO) to re-examine the Transfer Pricing Adjustment on AMP Expenses and IT Support Services. The Tribunal emphasized the importance of consistency with previous judgments and the need for proper comparables selection. It also instructed the Assessing Officer (AO) to verify and allow higher depreciation for certain assets, like Cisco Switches. The Tribunal partially allowed the claim for disallowance of depreciation allowance, focusing on specific assets. Penalty proceedings under Section 271(1)(c) were deemed premature and required no adjudication at that stage. Case-Laws Income Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252949