https://www.taxtmi.com/caselaws?id=326263 The Tribunal partly allowed the assessee's appeals and dismissed the revenue's appeal. It upheld the TPO's use of TNMM over CPM for transfer pricing, rejected the claim of erroneous data usage, and remanded the depreciation adjustment issue for further analysis. The Tribunal directed consideration of the 5% variation and admitted additional grounds for examination, including the comparability of General Optics (Asia) Ltd. and adjustments for depreciation and capacity utilization. en-us Wed, 24 Feb 2016 00:00:00 +0530 Mon, 11 Apr 2016 10:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326263 The Tribunal partly allowed the assessee's appeals and dismissed the revenue's appeal. It upheld the TPO's use of TNMM over CPM for transfer pricing, rejected the claim of erroneous data usage, and remanded the depreciation adjustment issue for further analysis. The Tribunal directed consideration of the 5% variation and admitted additional grounds for examination, including the comparability of General Optics (Asia) Ltd. and adjustments for depreciation and capacity utilization. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326263