https://www.taxtmi.com/caselaws?id=254551 The Tribunal directed the Transfer Pricing Officer (TPO) to adjust the operating profit margins of comparable companies by aligning their depreciation rates with those charged by the assessee. The Tribunal rejected the request for a risk adjustment, considering the assessee as assuming substantial risks. It held that transfer pricing adjustments should not be based on the group's overall profitability. Additionally, the Tribunal upheld the inclusion of Fortune Infotech Ltd. in the list of comparables and ordered the deletion of disallowed provision for expenses. The Tribunal also affirmed the deletion of the rent equalization reserve addition. en-us Mon, 22 Dec 2014 00:00:00 +0530 Thu, 25 Dec 2014 10:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254551 The Tribunal directed the Transfer Pricing Officer (TPO) to adjust the operating profit margins of comparable companies by aligning their depreciation rates with those charged by the assessee. The Tribunal rejected the request for a risk adjustment, considering the assessee as assuming substantial risks. It held that transfer pricing adjustments should not be based on the group's overall profitability. Additionally, the Tribunal upheld the inclusion of Fortune Infotech Ltd. in the list of comparables and ordered the deletion of disallowed provision for expenses. The Tribunal also affirmed the deletion of the rent equalization reserve addition. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254551