https://www.taxtmi.com/caselaws?id=290789 The Tribunal partly allowed the appeal, ruling in favor of the assessee on the transfer pricing adjustment and the disallowance of depreciation on intangibles. The Tribunal found the Transfer Pricing Officer's allocation method flawed and recalculated the adjustment based on utilized man-hours, concluding no adjustment was necessary. The disallowance of depreciation on intangibles was overturned based on a previous ruling by the Delhi High Court. Unpressed grounds were dismissed, and the decision was issued on 27th April 2018. en-us Fri, 27 Apr 2018 00:00:00 +0530 Fri, 16 Oct 2020 10:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290789 The Tribunal partly allowed the appeal, ruling in favor of the assessee on the transfer pricing adjustment and the disallowance of depreciation on intangibles. The Tribunal found the Transfer Pricing Officer's allocation method flawed and recalculated the adjustment based on utilized man-hours, concluding no adjustment was necessary. The disallowance of depreciation on intangibles was overturned based on a previous ruling by the Delhi High Court. Unpressed grounds were dismissed, and the decision was issued on 27th April 2018. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290789