https://www.taxtmi.com/caselaws?id=279216 The Court dismissed the appeal without costs, as it found no substantial legal questions raised in the case. The Tribunal accepted the use of 'SIRO Clinpharm Pvt. Ltd.' for comparability analysis with adjustments for business model differences. The Revenue's request for adjustments based on different business models was not pursued, as a similar issue had been decided in favor of the respondent in a previous assessment year. The exclusion of interest from the total cost base and the allowance of depreciation on assets of the assessee's Ankleshwar plant were also determined in favor of the respondent based on previous decisions, leading to the dismissal of the appeal. en-us Mon, 27 Jun 2016 00:00:00 +0530 Fri, 08 Mar 2019 06:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279216 The Court dismissed the appeal without costs, as it found no substantial legal questions raised in the case. The Tribunal accepted the use of 'SIRO Clinpharm Pvt. Ltd.' for comparability analysis with adjustments for business model differences. The Revenue's request for adjustments based on different business models was not pursued, as a similar issue had been decided in favor of the respondent in a previous assessment year. The exclusion of interest from the total cost base and the allowance of depreciation on assets of the assessee's Ankleshwar plant were also determined in favor of the respondent based on previous decisions, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279216