https://www.taxtmi.com/caselaws?id=380862 Depreciation on exclusive business rights acquired for consideration is treated as available for an intangible asset where an earlier-year finding on identical facts governs the issue; depreciation on goodwill remains undisturbed absent distinguishing facts. The revenue's challenge to depreciation therefore fails. Transfer pricing benchmarking for imports of finished goods requires fresh examination where manufacturing activity was incorrectly aggregated with the international transaction and the selected method did not reflect the business's segmental character. The Assessing Officer and Transfer Pricing Officer must exclude manufacturing activity and reconsider 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 Depreciation on exclusive business rights acquired for consideration is treated as available for an intangible asset where an earlier-year finding on identical facts governs the issue; depreciation on goodwill remains undisturbed absent distinguishing facts. The revenue's challenge to depreciation therefore fails. Transfer pricing benchmarking for imports of finished goods requires fresh examination where manufacturing activity was incorrectly aggregated with the international transaction and the selected method did not reflect the business's segmental character. The Assessing Officer and Transfer Pricing Officer must exclude manufacturing activity and reconsider 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