https://www.taxtmi.com/caselaws?id=368765 The Tribunal remanded the issue of disallowance of depreciation claimed for a trademark back to the tax authorities for fresh examination, emphasizing the need to determine the arm's length price in accordance with established legal principles. The appellant's challenge regarding penalty proceedings under Section 271(1)(c) was not the primary focus of the judgment, with the Tribunal primarily addressing the depreciation issue. The decision highlighted the significance of adhering to legal principles and conducting a comprehensive assessment, ultimately leading to a remand for further review by the tax authorities. en-us Mon, 08 Oct 2018 00:00:00 +0530 Sat, 13 Oct 2018 15:08:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368765 The Tribunal remanded the issue of disallowance of depreciation claimed for a trademark back to the tax authorities for fresh examination, emphasizing the need to determine the arm's length price in accordance with established legal principles. The appellant's challenge regarding penalty proceedings under Section 271(1)(c) was not the primary focus of the judgment, with the Tribunal primarily addressing the depreciation issue. The decision highlighted the significance of adhering to legal principles and conducting a comprehensive assessment, ultimately leading to a remand for further review by the tax authorities. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368765