https://www.taxtmi.com/caselaws?id=261034 The Tribunal partially allowed the appeal, directing the AO to re-examine the comparables used in determining the Arm's Length Price, allow depreciation on the acquired database as an intangible asset, grant 60% depreciation on computer peripherals, and reconsider the disallowance of sundry advances written off as a business loss. The Tribunal stressed the importance of comparability adjustments in transfer pricing, adherence to precedents in valuation and depreciation, and the correct application of DRP's directions. Specific issues were remanded to the AO for fresh consideration. en-us Fri, 24 Aug 2012 00:00:00 +0530 Tue, 30 Jun 2015 06:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261034 The Tribunal partially allowed the appeal, directing the AO to re-examine the comparables used in determining the Arm's Length Price, allow depreciation on the acquired database as an intangible asset, grant 60% depreciation on computer peripherals, and reconsider the disallowance of sundry advances written off as a business loss. The Tribunal stressed the importance of comparability adjustments in transfer pricing, adherence to precedents in valuation and depreciation, and the correct application of DRP's directions. Specific issues were remanded to the AO for fresh consideration. Case-Laws Income Tax Fri, 24 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261034