https://www.taxtmi.com/caselaws?id=254414 The Tribunal partly allowed the appeal, directing a higher rate of depreciation on ITG Networking Equipments, permitting depreciation on company-owned vehicles used for business purposes, disallowing disallowance of running and maintenance expenses of vehicles for non-business use, remanding the disallowance of prior period expenses for verification, and excluding certain comparables in transfer pricing adjustment. The Tribunal emphasized adherence to legal precedents and principles of comparability in transfer pricing. en-us Thu, 18 Dec 2014 00:00:00 +0530 Fri, 22 May 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254414 The Tribunal partly allowed the appeal, directing a higher rate of depreciation on ITG Networking Equipments, permitting depreciation on company-owned vehicles used for business purposes, disallowing disallowance of running and maintenance expenses of vehicles for non-business use, remanding the disallowance of prior period expenses for verification, and excluding certain comparables in transfer pricing adjustment. The Tribunal emphasized adherence to legal precedents and principles of comparability in transfer pricing. Case-Laws Income Tax Thu, 18 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254414