https://www.taxtmi.com/caselaws?id=262838 The Tribunal ruled against including Eicher Motors and Force Motors as comparables due to functional dissimilarity with the assessee. It clarified that capacity utilization adjustments should be made to comparables' operating costs, not the assessee's. The Tribunal upheld the capitalization of certain software expenses but allowed depreciation on specific items. It permitted the deduction of deferred revenue expenditure and disallowed an ad hoc disallowance of miscellaneous expenses. The Tribunal partly allowed the Revenue's appeal and dismissed the assessee's cross-objection. en-us Wed, 12 Aug 2015 00:00:00 +0530 Mon, 17 Aug 2015 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262838 The Tribunal ruled against including Eicher Motors and Force Motors as comparables due to functional dissimilarity with the assessee. It clarified that capacity utilization adjustments should be made to comparables' operating costs, not the assessee's. The Tribunal upheld the capitalization of certain software expenses but allowed depreciation on specific items. It permitted the deduction of deferred revenue expenditure and disallowed an ad hoc disallowance of miscellaneous expenses. The Tribunal partly allowed the Revenue's appeal and dismissed the assessee's cross-objection. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262838