https://www.taxtmi.com/caselaws?id=268556 The appeal before the ITAT MUMBAI involved transfer pricing adjustments concerning depreciation on commercial rights and benchmarking international transactions. The Tribunal allowed the inclusion of Arraycom Ltd as a comparable without adjustments and permitted the inclusion of Shyam Telecom Ltd as a comparable for benchmarking. Additionally, depreciation on goodwill and capitalized software expenditure was granted based on relevant rules and arguments presented by the appellant. The appeal was allowed in favor of the assessee, emphasizing the treatment of depreciation and comparables in the case. en-us Wed, 28 Oct 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268556 The appeal before the ITAT MUMBAI involved transfer pricing adjustments concerning depreciation on commercial rights and benchmarking international transactions. The Tribunal allowed the inclusion of Arraycom Ltd as a comparable without adjustments and permitted the inclusion of Shyam Telecom Ltd as a comparable for benchmarking. Additionally, depreciation on goodwill and capitalized software expenditure was granted based on relevant rules and arguments presented by the appellant. The appeal was allowed in favor of the assessee, emphasizing the treatment of depreciation and comparables in the case. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268556