https://www.taxtmi.com/caselaws?id=357925 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decisions to delete the TPO's addition regarding international transactions, restrict disallowance under Section 14A, and allow higher depreciation on UPS. The Tribunal found the TPO's method for determining ALP lacked legal recognition and consistency, leading to deletion of the adjustment. Additionally, it supported the CIT (A)'s findings that interest disallowance was unjustified due to the use of equity funds for investments and that UPS qualified for higher depreciation based on relevant case law. en-us Thu, 22 Feb 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357925 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decisions to delete the TPO's addition regarding international transactions, restrict disallowance under Section 14A, and allow higher depreciation on UPS. The Tribunal found the TPO's method for determining ALP lacked legal recognition and consistency, leading to deletion of the adjustment. Additionally, it supported the CIT (A)'s findings that interest disallowance was unjustified due to the use of equity funds for investments and that UPS qualified for higher depreciation based on relevant case law. Case-Laws Income Tax Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357925