https://www.taxtmi.com/highlights?id=40208 Transfer pricing - The claim of Depreciation does not have a direct, linear or proportionate relationship with the capacity utilization. The Tribunal has rightly held that even without actual utilization of the Plant and Machinery, Depreciation can still be claimed as a deduction from the Operating Profits. en-us Tue, 03 Jul 2018 07:23:08 +0530 Tue, 03 Jul 2018 07:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40208 Transfer pricing - The claim of Depreciation does not have a direct, linear or proportionate relationship with the capacity utilization. The Tribunal has rightly held that even without actual utilization of the Plant and Machinery, Depreciation can still be claimed as a deduction from the Operating Profits. Highlights Income Tax Tue, 03 Jul 2018 07:23:08 +0530 https://www.taxtmi.com/highlights?id=40208