https://www.taxtmi.com/caselaws?id=397296 The Tribunal upheld the Dispute Resolution Panel's direction to exclude back-to-back third-party charges from the assessee's cost base, finding that such costs should not be included in profit margin calculations as they lack a service element or risk for the assessee. Additionally, the Tribunal affirmed the acceptance of additional evidence by the DRP for verification purposes, dismissed the revenue's contentions on treatment of expenses, and directed the allowance of depreciation on goodwill and intangible assets. The Tribunal dismissed the revenue's appeal, allowed the assessee's appeal, and instructed the AO/TPO to recalculate adjustments as per its directives. en-us Mon, 10 Aug 2020 00:00:00 +0530 Thu, 13 Aug 2020 09:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397296 The Tribunal upheld the Dispute Resolution Panel's direction to exclude back-to-back third-party charges from the assessee's cost base, finding that such costs should not be included in profit margin calculations as they lack a service element or risk for the assessee. Additionally, the Tribunal affirmed the acceptance of additional evidence by the DRP for verification purposes, dismissed the revenue's contentions on treatment of expenses, and directed the allowance of depreciation on goodwill and intangible assets. The Tribunal dismissed the revenue's appeal, allowed the assessee's appeal, and instructed the AO/TPO to recalculate adjustments as per its directives. Case-Laws Income Tax Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397296