https://www.taxtmi.com/caselaws?id=278413 The Tribunal upheld the treatment of provisions written back as operating income and provisions created during the year as operating expenditure. It allowed the deduction of interest paid to NOIDA Authority, approved depreciation on computer peripherals at 60%, and supported the use of current year financial information for comparability analysis. The inclusion of Esquires Engineers & Consultants in the list of comparables was restored for reconsideration. The classification of operating and non-operating expenses for comparability analysis was referred back for examination. The Tribunal did not address the consideration of miscellaneous income as operating income. The revenue's appeal was dismissed, and the assessee's cross-objection was partly allowed for statistical purposes. en-us Fri, 27 Nov 2015 00:00:00 +0530 Fri, 01 Feb 2019 06:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278413 The Tribunal upheld the treatment of provisions written back as operating income and provisions created during the year as operating expenditure. It allowed the deduction of interest paid to NOIDA Authority, approved depreciation on computer peripherals at 60%, and supported the use of current year financial information for comparability analysis. The inclusion of Esquires Engineers & Consultants in the list of comparables was restored for reconsideration. The classification of operating and non-operating expenses for comparability analysis was referred back for examination. The Tribunal did not address the consideration of miscellaneous income as operating income. The revenue's appeal was dismissed, and the assessee's cross-objection was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278413