https://www.taxtmi.com/caselaws?id=386518 The Tribunal allowed the appeal in favor of the assessee, directing the deletion of transfer pricing adjustments and allowing the claim for additional depreciation. The Tribunal held that the TNMM method should be consistently applied for both exports and imports, as it better reflected the arm's length price compared to the CUP method. Additionally, the Tribunal directed the Assessing Officer to allow the claim of additional depreciation under section 32(1)(iia) for tooling, considering it part of 'Plant & Machinery.' en-us Fri, 03 May 2019 00:00:00 +0530 Tue, 01 Oct 2019 09:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386518 The Tribunal allowed the appeal in favor of the assessee, directing the deletion of transfer pricing adjustments and allowing the claim for additional depreciation. The Tribunal held that the TNMM method should be consistently applied for both exports and imports, as it better reflected the arm's length price compared to the CUP method. Additionally, the Tribunal directed the Assessing Officer to allow the claim of additional depreciation under section 32(1)(iia) for tooling, considering it part of 'Plant & Machinery.' Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386518