https://www.taxtmi.com/caselaws?id=278058 The case involved transfer pricing adjustments for the assessment years 2005-06 and 2007-08, as well as the disallowance of depreciation on fixed assets due to capital subsidy for the assessment year 2007-08. The Tribunal upheld the CIT (A)'s decision to delete the adjustments made by the TPO for the assessment year 2005-06, finding the TNMM method applied by the assessee more appropriate. For the assessment year 2007-08, the Tribunal modified the CIT (A)'s decision on the corporate guarantee fee and directed a re-computation, while restoring the issue of interest on loans for fresh consideration. The final result was the dismissal of ITA No. 575/Del/2014 and partial allowance of ITA No. 3495/Del/2014. en-us Sat, 13 Oct 2018 00:00:00 +0530 Sun, 06 Jan 2019 06:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278058 The case involved transfer pricing adjustments for the assessment years 2005-06 and 2007-08, as well as the disallowance of depreciation on fixed assets due to capital subsidy for the assessment year 2007-08. The Tribunal upheld the CIT (A)'s decision to delete the adjustments made by the TPO for the assessment year 2005-06, finding the TNMM method applied by the assessee more appropriate. For the assessment year 2007-08, the Tribunal modified the CIT (A)'s decision on the corporate guarantee fee and directed a re-computation, while restoring the issue of interest on loans for fresh consideration. The final result was the dismissal of ITA No. 575/Del/2014 and partial allowance of ITA No. 3495/Del/2014. Case-Laws Income Tax Sat, 13 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278058