https://www.taxtmi.com/caselaws?id=404285 The Tribunal dismissed the Revenue's appeals and partially allowed the Assessee's appeals, instructing the AO to re-compute the ALP and other adjustments following the Tribunal's guidance and precedents. It upheld the CIT(A)'s decisions on exclusions and adjustments, ensuring adherence to judicial precedents and functional similarity criteria. The Tribunal also directed the AO to verify tax deduction claims and audit adjustments, and allowed depreciation on expenses treated as capital expenditure in previous years. en-us Wed, 23 Dec 2020 00:00:00 +0530 Tue, 29 Oct 2024 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404285 The Tribunal dismissed the Revenue's appeals and partially allowed the Assessee's appeals, instructing the AO to re-compute the ALP and other adjustments following the Tribunal's guidance and precedents. It upheld the CIT(A)'s decisions on exclusions and adjustments, ensuring adherence to judicial precedents and functional similarity criteria. The Tribunal also directed the AO to verify tax deduction claims and audit adjustments, and allowed depreciation on expenses treated as capital expenditure in previous years. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404285