https://www.taxtmi.com/caselaws?id=380862 The note addresses depreciation on exclusive business rights and goodwill, stating that an intangible business right acquired for consideration was treated as eligible for depreciation, with the earlier year view in the assessee's own case followed and no separate interference shown on goodwill. It also discusses transfer pricing of imported finished goods, where benchmarking was found defective because manufacturing activity had been wrongly clubbed with the international transaction and the segmental nature of the business was not properly addressed. The matter was therefore sent back for fresh examination by the tax authorities, including review of the most appropriate method and comparables after hearing the assessee. en-us Tue, 02 Apr 2019 00:00:00 +0530 Wed, 29 May 2019 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380862 The note addresses depreciation on exclusive business rights and goodwill, stating that an intangible business right acquired for consideration was treated as eligible for depreciation, with the earlier year view in the assessee's own case followed and no separate interference shown on goodwill. It also discusses transfer pricing of imported finished goods, where benchmarking was found defective because manufacturing activity had been wrongly clubbed with the international transaction and the segmental nature of the business was not properly addressed. The matter was therefore sent back for fresh examination by the tax authorities, including review of the most appropriate method and comparables after hearing the assessee. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380862