https://www.taxtmi.com/caselaws?id=294211 The Tribunal's decision to delete the Transfer Pricing adjustment was deemed erroneous as it overlooked the Function, Assets, and Risk analysis for the assessee, leading to questions about the artificially created sub-segments of international transactions. Additionally, the Tribunal's errors in applying Section 92C(2) and granting additional depreciation on computers were highlighted, raising concerns about the correct interpretation of relevant tax laws. The issue of depreciation of leasehold rights in land was also mishandled, prompting a referral back to the Assessing Officer for proper consideration. en-us Wed, 13 Mar 2013 00:00:00 +0530 Fri, 26 Mar 2021 18:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294211 The Tribunal's decision to delete the Transfer Pricing adjustment was deemed erroneous as it overlooked the Function, Assets, and Risk analysis for the assessee, leading to questions about the artificially created sub-segments of international transactions. Additionally, the Tribunal's errors in applying Section 92C(2) and granting additional depreciation on computers were highlighted, raising concerns about the correct interpretation of relevant tax laws. The issue of depreciation of leasehold rights in land was also mishandled, prompting a referral back to the Assessing Officer for proper consideration. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294211